Question

11). Miguel has $87,255 in a savings account that earns 9% interest per year in simple interest. To the nearest cent, how much will he have in 4 years? OA). $31,411.80 O B). $123,167.55 O C). $35,912.55 OD). $118,666.80​

Answer 1

Answer:A

Step-by-step explanation:

Answer 2

Answer:

$A). \: \ 31,411.80$

Step-by-step explanation:

$s.i = \frac{p \times r \times t }{100} \\ \\ s.i = \frac{87255 \times 9 \times 4}{100} = 31,411.8$