SOLUTION: 2. find the interest. round to the nearest cent $1280 at 12% for 9 months a.interest = $17.07 b.interest = $115.20 c.interest = $1382.40 d.interest = $11,520.00

Algebra ->  Polynomials-and-rational-expressions -> SOLUTION: 2. find the interest. round to the nearest cent $1280 at 12% for 9 months a.interest = $17.07 b.interest = $115.20 c.interest = $1382.40 d.interest = $11,520.00       Log On


   

Question 203567: 2. find the interest. round to the nearest cent
$1280 at 12% for 9 months
a.interest = $17.07
b.interest = $115.20
c.interest = $1382.40
d.interest = $11,520.00
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
answer B
I=Prt
I=1280(.12)(.75)
I=$115.20
The .75 is for 3/4 of a year since interest is calculated on an annual bases.