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Bob has $70,000 in a savings account that earns 11% annually. The interest is not compounded. How much interest will he earn in 9 months?

Bob has $70,000 in a savings account that earns 11% annually. The interest is not compounded. How much interest will he earn in 9 months?
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1 vote
Bob has $70,000 in a savings account that earns 11% annually. The interest is not compounded. How much interest will he earn in 9 months?

User Erik Blomgren
by
8.4k points

2 Answers

6 votes
If I’m not mistaking “ Bob will earn 630,000 in 9 months. 70,000$ multiplied by 9 “
User Garvae
by
8.9k points
5 votes

Answer:

139300

Explanation:

User Corrie
by
8.1k points
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