Question

How much simple interest is earned in 9 months on a deposit of $7,000 at 4%

simple interest. (Hint I=Prt where P is in dollars, r is the rate as a decimal, and t is
time in years.) *

Answer 1

Explanation:

I=?

P=$7000

R=4% or 0.04

T=9

I=($7000)(0.04)(9)

(7000)(0.04)= 280

280*9= $2520

the interest after nine months is $2520

Hope this helped