A community for students.
Here's the question you clicked on:
 0 viewing
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?
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?

This Question is Closed

kelliegirl33
 3 years ago
Best ResponseYou've already chosen the best response.2I = 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
 3 years ago
Best ResponseYou've already chosen the best response.0No its perfect thank you=D your awsome

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

paradaze
 5 months ago
Best ResponseYou've already chosen the best response.0This 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
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.