mgolonks13 mgolonks13

10-05-2017
Mathematics

contestada

Find the simple interest, I, and the balance earned or due.
800$ at an annual rate of 8% for 9 months.

Respuesta :

apologiabiology apologiabiology

10-05-2017

I=PRT
I=interest
P=principal
R=rate in deciaml
t=time in years

12 months per year

I=800(0.08)(9/12)
I=(64)(3/4)
I=48

interest earned is $48

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