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

asked Jul 5, 2022 8.6k views

4 votes

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

the total amount after 9 months.

2.9k points

Please log in or register to add a comment.

5 votes

Answer:

The total amount after 9 months is $441.

Explanation:

5 ÷ 100 = 0.05

0.05 x $980 = $49

$49 x 9 = $441.

Bendewey answered Jul 10, 2022

3.2k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.4m questions

4.4m answers