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
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?
Answer:
$405
Step-by-step explanation:
SI=PTR/100
=9*1*750/100
=$ 67.50
In 6 yrs= 67.50*6
=$405