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When she graduated from college, Andrea deposited $2,000 in a savings account that earned 9% simple interest. What was the balance of her accounts after 6 months?

User Dan Yeaw
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1 Answer

4 votes

Answer:

$2090

Explanation:

The time is 6/12 since it is in months and not years

Interest =
(Principal * Rate * Time)/(1)

=
(2000 * 9 * 6)/(100*12)

= $90

This means her balance will be $(2000+ 90) = $2090

User Adam Harkus
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