No. 6/8=9/12
by multiplying the denominators you get the common denominator of 72
then multiply each numerator by the number of the opposite denominator
8x12=96
6x12=72
9x8=72
Therefore, 72/96=72/96
(6/8 = 9/12)
The amount of money you deposit into the account is $3000
<h3>How much money did you deposit into the account? </h3>
The given parameters are
Rate, r = 8%
Time, t = 5 years
Interest, I = $1200
The formula of simple interest is
I = PRT
So, we have
1200 = I * 8% * 5
This gives
1200 = I * 0.4
Divide both sides by 0.4
I = 3000
Hence, the amount of money you deposit into the account is $3000
Read more about simple interest at:
brainly.com/question/20690803
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