Question 1151750

A savings account of $3500 is left for 9 months and draws simple interest at a rate of 7%. How much interest is earned? What is the balance in the account at the end of the 9 months?
<pre>Simple interest, or {{{matrix(1,9, SI, "=", PTR, "=====>", SI, "=", "3,500"(9/12)(.07), "=", "$183.75")}}}
Add this to $3,500 to determine the account balance after 9 months.