Question

ERASE

When Marilyn was bom, her parents put $9,000 into a college fund
account that earned 9% simple interest. What was the total
amount in the account at the end of 18 years?
I = PRT
=4000 - 0.09-13
19580 account
Answer
Explain why this is incorrect and what Aliyah
needs to do to make it correct.

Answer 1

$23580

Explanation:

I = PRT/100 = 9000*9*18/100 = $14580

amount in the account at the end of 18 years

= $9000 + $14580

= $23580