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11). Miguel has $87,255 in a savings account that earns 9% interest per year in simple interest. To the nearest cent, how much will he have in 4 years? OA). $31,411.80 O B). $123,167.55 O C). $35,912.55
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11). Miguel has $87,255 in a savings account that earns 9% interest per year in simple interest. To the nearest cent, how much will he have in 4 years? OA). $31,411.80 O B). $123,167.55 O C). $35,912.55 OD). $118,666.80​

User Bernardo Vale
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5 votes

Answer:A

Explanation:

User Mjw
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9 votes

Answer:


A). \: \$31,411.80

Explanation:


s.i = (p * r * t )/(100) \\ \\ s.i = (87255 * 9 * 4)/(100) = 31,411.8

User Randy Marsh
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