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3 years ago

10

Ginger Yiu has a principal of $900 in her savings account with a 6% APR. The simple interest is calculated quarterly. What is th

e amount in the account at the end of the third quarter?
A. $945.22
B. $987.33
C. $935.67
D. $940.50

1 answer:

Bezzdna [24]3 years ago

3 0

A=p (1+rt)
A future value ?
p Principle 900
R interest rate 0.06
T time 9/12

A=900×(1+0.06×(9÷12))
A=940.5

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