Sophia has $91,000 in a savings account that earns 7% annually. The interest is not compounded. To the nearest cent, how much wi

Question

2 years ago

14

ll she have in 9 months

1 answer:

USPshnik [31] · Answer 1 · 2022-04-05T20:42:37+03:00

6 0

Answer:

$95777.5

Step-by-step explanation:

change 7% to decimal = .07

91,000 * .07 = 5370 (annual interest)

5370 / 12 = 530.83 (monthly interest)

530.83 * 9 = 4777.5 (9 months interest)

91,000 + 4777.5 = 95777.5 (initial + 9 months interest)