109k views
5 votes
We are given P= 4,200.00 t= 9 months and the F= 4,263.00 what is the interest?

a 163
b 63
c 65

1 Answer

0 votes

Final answer:

To calculate the interest, subtract the principal amount from the future value. With the given values, the interest earned over 9 months is $63.00.

Step-by-step explanation:

The question asks us to calculate the interest earned over a period of time given the principal amount (P), the time period (t), and the future value (F) of an investment. Using the values provided, P = $4,200.00, t = 9 months, and F = $4,263.00, the interest can be calculated by subtracting the principal (P) from the future value (F).

Interest = F - P
Interest = $4,263.00 - $4,200.00
Interest = $63.00

Therefore, the interest earned over the 9 months is $63.00, which corresponds with option b.

User Yanigisawa
by
6.9k points