Answer:
Explanation:
2% for the year
2/12 = 1/6 % per month
1/6 * 9 = 9/6% or 3/2 %
we are not really told how the interest in paid. monthly or annually ??
it makes a difference on how much will be paid in 9 months. b/c the sum of the account goes up by 150 each month
excel provides formulas to do this kind of monthly interest calculations.
with Future Value and Present Value, and Pymt ... but we don't really know from your question what's being asked.
I'll just do the easiest one, 3/2% or 1350, but this is really not correct.
3/2 % = 0.015
0.015* 1350=20.25
150 * 9 = 1350
20.25 + 1350 =1370.25