mchaudhry22
Answered

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How much will Jason earn, if he invests $8,000 at 7.5% interest rate for 18 months? How much will be in the account at the end of the 18 months?

Sagot :

altavistard

Answer:

$8,900

Step-by-step explanation:

You don't say anything about compounding. If this problem involves only simple interest, then the interest will be i = p*r*t and the account balance will be i + p.

Here i = $8,000*0.075*1.5 (representing 18 months)

         i + $900

At the end of 18 months there will be $8,000 + $900, or $8,900, in the account.

Answer:

$8,900

Step-by-step explanation:

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