Homework Help: math

Posted by chandice on Friday, July 17, 2009 at 5:57pm.

John Lee's savings account has a balance of $3427. After 9 months, what will the amount of
interest be at 4.6% per year?

math - DrBob222, Friday, July 17, 2009 at 9:41pm
3427 x 0.046 = interest for one year. For 9 months of the year it will be that x 9/12. Add the interest to the principal to obtain the amount.
math - Anonymous, Thursday, March 10, 2011 at 8:33pm
89

Answer this Question

Related Questions

math - John Lee's savings account has a balance of $3427. After 9 months, ...
Precalculus - NEED HELP ASAP PLEASE!! A savings account starts with $600 and ...
Business Math - Lee Holmes deposited $ 15,000 in a new savings account at 9% ...
math essentials - if on the first of january a savings acctount has a balance of...
Math - Lee Holmes deposited $16,600 in a new savings account at 9% interest ...
differential equation - If P(t) is the amount of dollars in a savings bank ...
math need help with this - If on the first of January a savings account has a ...
Math - Lee Holmes deposited $15,000 in a new savings account at 9% interest ...
MATH HOMEWORK HELP PLEASE ANSWER - Lee Holmes deposited $15,000 in a new savings...
maht - Instead of spending his additional earnings each month, Michael chooses ...

For Further Reading

First Name:
School Subject:
Answer: