document.write( "Question 404613: what is the calculation for $600 if invested for five years at a 9% interest rate
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Algebra.Com's Answer #285937 by algebrahouse.com(1659)![]() ![]() You can put this solution on YOUR website! \"what is the calculation for $600 if invested for five years at a 9% interest rate\"\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Simple interest is i = prt \n" ); document.write( "i = interest \n" ); document.write( "p = principal \n" ); document.write( "r = rate \n" ); document.write( "t = time (in years)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "i = 600(.09)(5) {substituted into interest formula, changed 9% to .09} \n" ); document.write( "= $270 {multiplied} \n" ); document.write( "www.algebrahouse.com \n" ); document.write( " \n" ); document.write( " |