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3 years ago

Find the simplest interest. principal = $870 interest rate = 3% time = 9 months

Mathematics

1 answer:

JulsSmile [24]3 years ago

8 0

Answer: $889.58

Step-by-step explanation:

⇒<u>Equation:</u>

A = P(1 + rt)

Turn 3% into decimal and you get 0.03, then 9 months/ 12 months = 0.75 years.

⇒A = 870(1 + (0.03 × 0.75)) = 889.575

⇒A = $889.58

* Hopefully this helps:) Mark me the brainliest:) !!!!

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