Question

When she graduated from college, Andrea deposited $2,000 in a savings account that earned 9% simple interest. What was the balance of her accounts after 6 months?

Answer 1

$2090

Explanation:

The time is 6/12 since it is in months and not years

Interest =
`(Principal * Rate * Time)/(1)`

=
`(2000 * 9 * 6)/(100*12)`

= $90

This means her balance will be $(2000+ 90) = $2090