Homework Help: algebra

Posted by breanna on Friday, May 27, 2011 at 4:58pm.

Abbi invested $1,200 in a certificate of deposit with a simple interest rate of 2%. Find the interest earned in 9 years. Then find the total of principal plus interest.

algebra - Ms. Sue, Friday, May 27, 2011 at 6:13pm
I = prt
I = 1200 * 0.02 * 9
I = 216

1200 + 216 = 1416

Answer this Question

Related Questions

math - abbi invested 1,500 dollars in a certificate of deposit with a simple ...
algebra interest word problem - Erin Grabish recevied $2,000 for speaking at a ...
math - Two investments earn a total annual income of $2825. One investment is in...
algebra - A total of $6200 is deposited into two simple interest accounts. On ...
Math - Larry has an annual return of $213.00 from $3000.00 invested at simple ...
pre algerbra - susan bought a 6 month $1,700 certificate of deposit.At the end ...
Algebra - An investment adviser invested $14,000 in two accounts. One investment...
Math - An investment advisor invested a total of $12,000, part at 2.5% annual ...
MATH - An investment adviser invested $14,000 in two accounts. One investment ...
math - Sonia received a statement on her Certificate of Deposit showing that her...

For Further Reading

First Name:
School Subject:
Answer: