An account pays 9% per year simple interest. In year 1, the amount in the account is $750. How much is in the account in year 6?

Question

An account pays 9% per year simple interest. In year 1, the amount in the
account is $750. How much is in the account in year 6?

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Nguyệt Ánh 5 years 2021-09-05T11:10:17+00:00 1 Answers 38 views 0

Answers ( )

    0
    2021-09-05T11:12:00+00:00

    Answer:

    $405

    Step-by-step explanation:

    SI=PTR/100

    =9*1*750/100

    =$ 67.50

    In 6 yrs= 67.50*6

    =$405

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