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 2 years ago
Timothy deposited $2,140.30 in a savings account that earns 3.5% simple interest. What will Timothy’s account balance be in 9 months?
 2 years ago
Timothy deposited $2,140.30 in a savings account that earns 3.5% simple interest. What will Timothy’s account balance be in 9 months?

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kelliegirl33
 2 years ago
Best ResponseYou've already chosen the best response.1I = PRT I = (2140.30)(.035)(9/12)9/12 = 3/4 = .75 I = 74.91 (.75) I = 56.18 this is Timothy's interest for 9 months Timothy's balance will be principle + interest = 2140.30 + 56.18 = 2196.48 I hope I did that correctly....you might need to wait for a second opinion :)

Helly
 2 years ago
Best ResponseYou've already chosen the best response.0No its perfect thank you=D your awsome

kelliegirl33
 2 years ago
Best ResponseYou've already chosen the best response.1your welcome....thats what I am here for :)
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