SOLUTION: A gift shop owner invests her profits of $11,500 at 8¾% for 9 months. Find the total amount in the account at the end of this time.
Algebra.Com
Question 891668: A gift shop owner invests her profits of $11,500 at 8¾% for 9 months. Find the total amount in the account at the end of this time.
Answer by LinnW(1048) (Show Source): You can put this solution on YOUR website!
Increase = (11500)*(8 3/4 percent)( 9 months out of 12 months)
(11500)(0.0875)(9/12)
(11500)(0.0875)(0.75) = 754.6875
The total amount in the account = 11500 + 754.6875 = 12254.69
RELATED QUESTIONS
a friend lent $21,200 to dawn w.monroe the owner of a comic book store. she repaid the... (answered by Boreal)
Joe invests £5000 in a savings account at an annual rate of:
3.5% for the first year... (answered by addingup)
A friend lent $17,000 to Dawn W. Monroe, the owner of a comic book store. She repaid the... (answered by josmiceli)
Joy invests a total of $3,500 in two accounts. The first account earned a rate of return... (answered by ikleyn)
Kristina invests a total of $19,500 in two accounts. The first account earned a rate of... (answered by mananth)
James invests a total of $16,500 in two accounts. The first account earned a rate of... (answered by ankor@dixie-net.com,MathTherapy)
If 90 people attend a concert and tickets for adults cost $2.25 while tickets for... (answered by addingup,ikleyn)
Sandy has an investment account with shares in two companies, SMT and KLR. At the end of... (answered by Theo)
Katy invests in a total of $24,000 in two accounts. The first account earned a rate of... (answered by VFBundy)