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Helly

  • 3 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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  1. kelliegirl33
    • 3 years ago
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    I = 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 :)

  2. Helly
    • 3 years ago
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    No its perfect thank you=D your awsome

  3. kelliegirl33
    • 3 years ago
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    your welcome....thats what I am here for :)

  4. paradaze
    • 7 months ago
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    This is from 2 years ago, you guys probably don't even pay attention to this anymore but i have a question, how did you get 74.91 @kelliegirl33

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