Question

Principle $1950 rate 4 1/2% time 9

Answer 1

Answer:

Interest = $\boxed{\ 789.75}$

Explanation:

Interest [I] = principle × rate × time [prt]

______________________________

x% = x/100

a b/c = a + (b/c) = (ac + b) / c

______________________

I = prt

I = ($1,950)(4 ½%)(9)

I = ($1,950)(0.045)(9)

I = ($87.75)(9)

I = ($789.75)

I = $789.75