Question

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?

Answer 1

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