SOLUTION: Suppose you deposit $80 in a savings account that pays an annual intrest rate of 6%. How much interest would you earn in 9 months ?

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Question 96397: Suppose you deposit $80 in a savings account that pays an annual intrest rate of 6%. How much interest would you earn in 9 months ?
Found 2 solutions by checkley71, stanbon:
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
80(.06*9/12)=80(.06*.75)=80*.045=$3.60 IS THE INTEREST FOR 9 MONTHS @ 6% ANNUAL NTEREST.

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Suppose you deposit $80 in a savings account that pays an annual intrest rate of 6%. How much interest would you earn in 9 months ?
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Nine monthsis (3/4) of a year.
Interest = (3/4)(0.06)80 = $3.60
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Cheers,
Stan H.