Question

Jayden has $73,125 in a savings account that earns 8% annually.The interest is not compounded .How much will he have in total in 4 months?

Answer 1

Answer:A= $75,075

Explanation:

P = $73,125

R = 8%

T = 4/12

A =?

S.I = P*R*T

S.I = 73,125*4/12*8/100

S.I = 1,950

A = S.I + P

A = 1,950 + 73,125

A= $75,075