SOLUTION: Suppose you deposit 160 dollars in a savings account that pays an annual rate of 9%.
Interest = (Deposit)(rate)(time),
where the rate is a decimal and time is in
years.
How
Algebra.Com
Question 399271: Suppose you deposit 160 dollars in a savings account that pays an annual rate of 9%.
Interest = (Deposit)(rate)(time),
where the rate is a decimal and time is in
years.
How much interest would you earn in
5 months?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=160*0.09*5/12
I=72/12
I=$6
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