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August 20, 2014

August 20, 2014

Posted by **JOHNSON** on Sunday, May 9, 2010 at 5:35pm.

- math -
**Damon**, Sunday, May 9, 2010 at 5:57pmYou did simple interest, supposed to compound and where did 12 months come from? It says 9 months.

compound for 6 months (9 months - 3 months)

98.50 * (1.02)^6

=98.50*1.12616

=110.93

- math -
**JOHNSON**, Sunday, May 9, 2010 at 6:38pmHow did you come up with (1.02)

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