document.write( "Question 894234: Pretty please help me! I don't want the answer, I just need to understand how to do it.
\n" ); document.write( "I=prt.
\n" ); document.write( "p= $9,000
\n" ); document.write( "r= 5 and 1/2%
\n" ); document.write( "t= 2 years, 9 months.\r
\n" ); document.write( "\n" ); document.write( "Thank you in advance! \n" ); document.write( "

Algebra.Com's Answer #541854 by jim_thompson5910(35256) $\"\"$ $\"About$

You can put this solution on YOUR website!
I'm assuming you want the interest earned. Please state all of the instructions.\r
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\n" ); document.write( "\n" ); document.write( "Given info:\r
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\n" ); document.write( "\n" ); document.write( "P = 9000
\n" ); document.write( "r = 0.055 (5 and 1/2% = 5.5% = 5.5/100 = 0.055)
\n" ); document.write( "t = 2 yrs, 9 months = 2 + 9/12 = 2 + 0.75 = 2.75 years\r
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\n" ); document.write( "\n" ); document.write( "So we're plugging in P = 9000, r = 0.055, t = 2.75 into the formula below\r
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\n" ); document.write( "\n" ); document.write( "I = P*r*t\r
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\n" ); document.write( "\n" ); document.write( "I = 9000*0.055*2.75\r
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\n" ); document.write( "\n" ); document.write( "I = 1,361.25\r
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\n" ); document.write( "\n" ); document.write( "Therefore you earn $1,361.25 in interest only. This brings the total amount in the account to 9000+1,361.25 = $10,361.25 \n" ); document.write( "

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