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Principle $1950 rate 4 1/2% time 9

Sagot :

Luclaporte2idn

Answer:

Interest = [tex] \boxed{\$ 789.75} [/tex]

Explanation:

Interest [I] = principle × rate × time [prt]

______________________________

x% = x/100

a b/c = a + (b/c) = (ac + b) / c

______________________

I = prt

I = ($1,950)(4 ½%)(9)

I = ($1,950)(0.045)(9)

I = ($87.75)(9)

I = ($789.75)

I = $789.75

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