How much interest is earned after 9 months if the original principal is $2500 and the rate is 3%?
1 Answer
Feb 11, 2018
Interest =
Explanation:
First we need to use the correct equation:
Where
Then we supply the given information into our equation.
Note:
Finally we multiply to get our answer:
So
Note: If the question asked how much money was left after 9 months