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Andy deposited $1,567.12 in a savings account that earns 1.9% simple interest. What will Andy’s account balance be in nine months?
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Andy deposited $1,567.12 in a savings account that earns 1.9% simple interest. What will Andy’s account balance be in nine months?

User Jacwah
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1 Answer

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nine months = 9/12 = 0.75

A = P( 1 + rt)
A = $1,567.12 (1 + 0.019 * 0.75)
A = $1,567.12 (1 + 0.01425)
A = $1,567.12 (1.01425)
A = $1589.45

answer
Andy’s account balance be in nine months will be $1589.45
User Ricky Hartmann
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