Devon has $900 in a savings account. The interest rate is 7% per year and is not
1 answer:
Answer:
$ 12600
Step-by-step explanation:
According to the question, you have to find the simple interest that Devon earn after 2 years,
You can use this formula to find that.
<h2>
I = P r t</h2>
Here,
P = principal ( $ 900)
r = rate ( 7%)
t = time ( 2 years)
Let us solve now.
I = p × r × t
= $ 900 × 7% × 2 years
= 6300 × 2
= $ 12600
Hope this helps you.
Let me know if you have any other questions :-)
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