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Titus deposited $1,508.49 in a savings account that earns 4.2% simple interest. What will Titus's account balance be in 8 months?

Titus deposited $1,508.49 in a savings account that earns 4.2% simple interest. What will Titus's account balance be in 8 months?
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Titus deposited $1,508.49 in a savings account that earns 4.2% simple interest. What will Titus's account balance be in 8 months?

asked
User Weihuang Wong
by
8.1k points

1 Answer

3 votes
42.24 I=prt to get the fraction of the year 8/12
answered
User Petantik
by
8.8k points
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