2 years ago

Devon has $900 in a savings account. The interest rate is 7% per year and is not

Mathematics

1 answer:

erastovalidia [21]2 years ago

8 0

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.

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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