document.write( "Question 1190262: $8,000 is invested for 9 months at an annual simple interest rate of 13%.
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document.write( "a) You will earn $ in interest (round to the nearest cent).\r
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document.write( "b) The final value of the investment is (round to the nearest cent). \n" );
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Algebra.Com's Answer #821864 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "a) Simple interest formula: I=prt \n" ); document.write( "p = principal (beginning amount): $8000 \n" ); document.write( "r = annual interest rate: 13% = 0.13 \n" ); document.write( "t = number of years: 9 months = 3/4 years \n" ); document.write( "I = (8000)*(0.13)*(3/4) \n" ); document.write( "Use a calculator.... \n" ); document.write( "b) Add the amount of interest to the beginning amount. \n" ); document.write( " \n" ); document.write( " |