Question

Tuition of $

Answer 1

So hmmm bear in mind that, 9months from 12 months in a year, is 9/12 years, or 3/4

$\bf \qquad \textit{Simple Interest Earned Amount}\\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\to &\ 2700\\ P=\textit{original amount deposited}\\ r=rate\to 11\%\to \frac{11}{100}\to &0.11\\ t=years\to \frac{9}{12}\to &\frac{3}{4} \end{cases} \\\\\\ 2700=P\left(1+0.11\cdot \frac{3}{4} \right)$

solve for P