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An account pays 9% per year simple interest. In year 1, the amount in the account is $750. How much is in the account in year 6? O A. $1128.43 B. $1153.97 C. $1045.50 D. $1087.50
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An account pays 9% per year simple interest. In year 1, the amount in the

account is $750. How much is in the account in year 6?
O A. $1128.43
B. $1153.97
C. $1045.50
D. $1087.50

User Sistina
by
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2 Answers

4 votes

Answer: D

$1087.50

Step-by-step explanation:

User Gastush
by
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3 votes
D, simple interest is merely the percentage of the initial value added per period of time, you can find 9% of 750 by multiplying 750 by .09
User MojioMS
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7.5k points
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