RahmirB617085 RahmirB617085
  • 25-10-2022
  • Mathematics
contestada

Taylor has $430 in her savings account. The annual simple interest at the bank is 2%. How much intreast will she earn on her savings in 9 months?

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ValkyrieO739480 ValkyrieO739480
  • 25-10-2022

we have the following equation

[tex]m(t)=430+430\cdot0.02\cdot t[/tex]

where t is the time in years, as we have 9 months, we have to change to years

[tex]t=\frac{9}{12}=\frac{3}{4}=0.75[/tex]

so after 9 months we get

[tex]430+430\cdot0.02\cdot0.75=430+6.45[/tex]

So she will earn $6.45 in 9 month

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