SOLUTION: Find each balance. $900 at a simple-interest rate of 3.25% for 3 months.

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Question 274005: Find each balance.
$900 at a simple-interest rate of 3.25% for 3 months.
Answer by calegebra(14) About Me  (Show Source):
You can put this solution on YOUR website!
Simple interest is 1 year. 3 months is .25 year
I = prt
I = ($900)(.0325)(.25)
I = $7.3125
I = $7.31