SOLUTION: Find the simple interest and the final value of the deposit that earns the given rate for the indicated length of time. Round your answers to the nearest cent. $16,087 earning 1

Algebra ->  Finance -> SOLUTION: Find the simple interest and the final value of the deposit that earns the given rate for the indicated length of time. Round your answers to the nearest cent. $16,087 earning 1      Log On


   

Question 366582: Find the simple interest and the final value of the deposit that earns the given rate for the indicated length of time. Round your answers to the nearest cent.
$16,087 earning 10.2% for 9 months
Answer


Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
16087*0.102*.75
I=1230.66
total=17,317.66