Monday

September 15, 2014

September 15, 2014

Posted by **Missy** on Wednesday, October 1, 2008 at 10:59pm.

I have no idea what the answer is. Please explain.

- 7th Grade Math -
**Reiny**, Wednesday, October 1, 2008 at 11:33pmYou are probably working with "simple interest"

Interest = Principal x rate x time

= 945*.045*3/12

= 10.63

So he will have $945 + $10.63

= $955.63

**Answer this Question**

**Related Questions**

Math - (a) Themba wants to deposit a sum of money into a savings account so that...

pre algebra - At the beginning of the year 2000, Bob put $100 in a savings ...

Math - If you deposit P dollars into a bank account paying an annual interest ...

Math - Determine how much money will be in a savings account if the initial ...

math - Choi deposited $2500 in a savings account that pays 4.75% interest ...

Economics - Finance - If your bank pays 5.5 percent interest on savings deposits...

math - chris put $1,500 in a savings account at an annual interest rate of 5%. ...

math - Samantha opened a savings account and deposited some money into the ...

Math - Sam gets deposits a total of $3500 every three months to the bank which ...

math - We deposited 7,500 dollars into a savings account which pays 3.6 percent ...