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grandymaker [24]
3 years ago
12

Leon has $77,343 in a savings account that earns 9% annually.The interestis not compounded.To the nearest cent,how much interest

will he earnin 4 months?
Mathematics
1 answer:
Degger [83]3 years ago
8 0

Answer:

$ 2320.3

Step-by-step explanation:

Leon has $77,343 in a savings account that earns 9% annually.The interestis not compounded.To the nearest cent,how much interest will he earnin 4 months?

Since the interest is not Compounded

We solve using Simple Interest formula

= P × R × T

P = $77,343

R = 9 %

T = 4 months

Converting to years

= 4/12 = 0.3333333333

Interest = $77,343 × 9% × 0.3333333333

=$2320.29

Approximately to the nearest cents = $2320.3

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3 years ago
Mr.kelly pays $12,564 a year for rent. His rent is a constant amount each month. Which equation represents the amount he pays he
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Answer:

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Step-by-step explanation:

Given : Mr.kelly pays $12,564 a year for rent. His rent is a constant amount each month.

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Solution :

Since he pays for a year (12 months) =  $12,564

Since  His rent is a constant amount each month.

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Answer:

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Step-by-step explanation:

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2 years ago
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Question 1:

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