SOLUTION: You repair bicycles during your summer vacation and save $900 of your pay. You deposit this money into a savings account that pays 3% simple annual interest. Find your account bala

SOLUTION: You repair bicycles during your summer vacation and save $900 of your pay. You deposit this money into a savings account that pays 3% simple annual interest. Find your account bala

Algebra.Com

Question 1037567: You repair bicycles during your summer vacation and save $900 of your pay. You deposit this money into a savings account that pays 3% simple annual interest. Find your account balance after 9 months.

Answer by jorel555(1290) (Show Source): You can put this solution on YOUR website!
900*9/12*.03=$20.25
900+20.25=$920.25 account balance after nine months!!!!!!!!!!!!!
RELATED QUESTIONS
You deposit $3000 into a money-market savings account which pays 4.8% compounded... (answered by Alan3354)

You deposit $3000 into a money-market savings account which pays 4.8% compounded... (answered by greenestamps)

Suppose you deposit $1000 earned from your summer job in a savings account that pays 4.8% (answered by feliz1965)

You deposit $1000 into an account that pays 4.8% interest compounded quarterly. A. Write (answered by Alan3354)

You make a deposit of 2000� into your account. the interest rate is 5% and the interest... (answered by Edwin McCravy)

You make a deposit of 2000 � into your account. The interest rate is 5% and the interest... (answered by Gogonati,mananth)

You save money in the following way: � Jan 1, 2000: Deposit an unknown amount of money... (answered by Boreal)

Can you please help me with this? Thank you so much! Take the current amount you have (answered by solver91311)

Please help me solve this problem: Jackson made an initial deposit of $900 to open a... (answered by jorel555)