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An account earns annual simple interest. find the balance of the account. $2,000 at 9% for 6 months

An account earns annual simple interest. find the balance of the account. $2,000 at 9% for 6 months
asked 195k views
5 votes
An account earns annual simple interest. find the balance of the account.

$2,000 at 9% for 6 months

asked
User Frank Puffer
by
8.1k points

1 Answer

6 votes

y=2000(1+.09^2)^1/2

y=2000(1.09^2)1/2

y=2000(1.1881)^1/2

y=2000(1.09)

y=$2180

answered
User Johan Lundquist
by
7.8k points
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