A savings account starts with $980. If the simple interest rate is 5%, find the total amount after 9 months.

Donzell asked Jul 8, 2022

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37 votes

A savings account starts with $980. If the simple interest rate is 5%, find

the total amount after 9 months.

Donzell asked Jul 8, 2022

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20 votes

Answer:

The total amount after 9 months is $441.

Explanation:

5 ÷ 100 = 0.05

0.05 x $980 = $49

$49 x 9 = $441.

Brokendreams answered Jul 14, 2022

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