Use the simple interest formula to find the unknown quantity.

Mathematics

2 answers:

Cerrena [4.2K]3 years ago

7 0

Answer:1/2

Step-by-step explanation:

jenyasd209 [6]3 years ago

3 0

First, converting R percent to r a decimal
r = R/100 = 4%/100 = 0.04 per year,
then, solving our equation

t = 9 / ( 450 × 0.04 ) = 0.5
t = 0.5 years

The time required to
accumulate simple interest of $ 9.00
from a principal of $ 450.00
at an interest rate of 4% per year
<span>is 0.5 years (about 0 years 6 months).</span>

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