lashantagreenie lashantagreenie
  • 24-04-2021
  • Mathematics
contestada

Sophia has $91,000 in a savings account that earns 7% annually. The interest is not compounded. To the nearest cent, how much will she have in 9 months

Respuesta :

Xantre
Xantre Xantre
  • 24-04-2021

Answer:

$95777.5

Step-by-step explanation:

change 7% to decimal = .07

91,000 * .07 = 5370 (annual interest)

5370 / 12 = 530.83 (monthly interest)

530.83 * 9 = 4777.5 (9 months interest)

91,000 + 4777.5 = 95777.5 (initial + 9 months interest)

Answer Link

Otras preguntas

Lena horne died of what
A polis of ancient Greece was a __________. a. politically independent unit that included a city and surrounding land b. colony controlled by the country that e
The use of the Marshall Plan in Western Europe after World War II strengthened the forces of (1) democracy (3) isolationism (2) communism (4) autocrac
what is the meaning of evil-doer a kenning word
The post-war years witnessed a "freedom explosion" across the globe, especially in Asia and Africa. Why did several of these new nations turn to the Soviet Unio
What are some syllable words that have three or more syllables in them
How does the ending of The Tragedy of Macbeth by William Shakespeare inspire feelings of pity for Macbeth? Macbeth is grieving the loss of Lady Macbeth. Macbe
How did the triangular trade benefit Europeans?
Describe the importance of Magna Carta as it relates to democracy in America.
what are the challenges of icarus