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)
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Simple interest is 1 year. 3 months is .25 year
I = prt
I = ($900)(.0325)(.25)
I = $7.3125
I = $7.31
(