SOLUTION: How much interest does a $318 investment earn at 9% over one year?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: How much interest does a $318 investment earn at 9% over one year?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 892274: How much interest does a $318 investment earn at 9% over one year?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=318*0.09*1
I=$28.62