Owen deposited $1,230.90 in a savings account that earns 1.9% simple interest. What will Owens account balance be in 4 months?
a $1,238.70
b $1,230.90
c $1,324.45
d $1,254.29
I got 1324.45 but im not sure if i put in the time right in the formula ... ? (A=p (1+rt)
idk if you put time in as 4/12 or just 4 ? HELP!!
a $1,238.70
b $1,230.90
c $1,324.45
d $1,254.29
I got 1324.45 but im not sure if i put in the time right in the formula ... ? (A=p (1+rt)
idk if you put time in as 4/12 or just 4 ? HELP!!
-
t is time in years. So t = 4/12 = 1/3
1230.9 (1.00633333) = $1238.6957
1230.9 (1.00633333) = $1238.6957
-
= $1,230.90(1 + [0.019 * 1/3])
= $1,230.90(1 + 0.006333333)
= $1,230.90(1.006333333)
= $1,238.70
Answer: a. $1,238.70
= $1,230.90(1 + 0.006333333)
= $1,230.90(1.006333333)
= $1,238.70
Answer: a. $1,238.70
-
I don't know!!!!!I hate mathhhhh !!!!!!!!!!!!!!!!!!!!!!!!!!