lashantagreenie lashantagreenie
  • 24-04-2021
  • Mathematics
contestada

Sophia has $91,000 in a savings account that earns 7% annually. The interest is not compounded. To the nearest cent, how much will she have in 9 months

Respuesta :

Xantre
Xantre Xantre
  • 24-04-2021

Answer:

$95777.5

Step-by-step explanation:

change 7% to decimal = .07

91,000 * .07 = 5370 (annual interest)

5370 / 12 = 530.83 (monthly interest)

530.83 * 9 = 4777.5 (9 months interest)

91,000 + 4777.5 = 95777.5 (initial + 9 months interest)

Answer Link

Otras preguntas

what is the decimal expansion of the fraction 7/9
1.256 is greater than 1.265
what wealthy group supported art and education in italy during the renaissance
Explain how estimating the quotient helps you place the first digit in the quotient of the division problem.
is table salt an example of a substance?
Start at 4 create a pattern that multiplies each number by 2 and subtract 1
why did loyalist support the British
How do nation-states support terrorism within their own country or abroad?
How do you say "you mean the world to me in german
Which of the following sentences has the most sophisticated word choice? The bride’s tearful face emerged from a cascade of lace. The bride, dressed in whi