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CAN SOMEONE PLS HELP ME SOLVE THIS !?
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CAN SOMEONE PLS HELP ME SOLVE THIS !?

CAN SOMEONE PLS HELP ME SOLVE THIS !?-example-1
User Malcor
by
2.7k points

1 Answer

1 vote

9514 1404 393

Answer:

$9.00

Explanation:

The simple interest formula can be used.

I = Prt . . . . . interest on principal P invested at rate r for t years

I = ($1200)(0.06)(1/8) = $9.00

The simple interest Xander would earn is $9.00.

__

Justification: the interest is computed using the appropriate formula.

User Igor Lozovsky
by
3.6k points
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