Concept explainers
For Exercises 1-4, choose the correct letter,
You have $1200 in a bank account The simple annual interest rate is 4%. How much interest is added to the account after 9 months?
F. $48
G. S96
H. $30 ; . I. $36
To choose : the correct option
Answer to Problem 2STP
The correct option is (I)
Explanation of Solution
Given information : You have
Amount in bank account is
Simple annual interest rate
Time period
That means
Simple interest
Chapter 11 Solutions
High School Math 2012 Common-core Algebra 1 Practice And Problem Solvingworkbook Grade 8/9
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