toastyweaselyt toastyweaselyt
  • 17-12-2020
  • Business
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Anna Roszcko has $1,200 in her savings account. She earns 4.5 percent interest. How much will she earn in 9 months?

Respuesta :

Samawati
Samawati Samawati
  • 17-12-2020

Answer:

$40.5

Explanation:

Interest is calculated using the formula.

I= p x r x t

where I = interest

p= principal amount: $1200

r= interest rate: 4.5% or 0.045

t= time in year. 9 months which is 9/12 or 0.75 years

i =$1200 x 0.045 x 0.75

I =$54 x 0.75

I =$40.5

Interest earned is $40.5

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