A savings account earns 6% simple interest per year. The principal is $800. What is the balance after 18 months?
1 answer:
Answer:
$872
Step-by-step explanation:
Simple interest = Principle * Rate * Time / 100
= ( 800 * 6 * 18/12 ) / 100
= $ 72
The balance after 18 months = principle + interest
= 800 + 72
= $ 872
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Step-by-step explanation:
Answer: 5:2:10
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Answer:
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Step-by-step explanation:
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