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Calculate the amount of interest on $1200.00 for 9 months at 5 % annual interest.

Calculate the amount of interest on $1200.00 for 9 months at 5 % annual interest.
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Calculate the amount of interest on $1200.00 for 9 months at 5 % annual interest.

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User Lars Francke
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1 Answer

4 votes
First you have to convert the 9 months into years which is 9/12. Interest = (PRT)/100 = (1200×5×9/12) / 100 = $45
answered
User Sivaprasad Km
by
7.8k points
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