vallesana27 vallesana27

08-11-2016
Mathematics

Answered

What would the amount of interest be earned if there is a deposit of $10,000 at 9.5% for 90 days

Verified Answer :

gabbyz66 gabbyz66

14-11-2016

I am working on this in school, this is how we are being taught to do this type of problem:

First, convert the 9.5% to 0.095. Then multiply:

10,000 x 0.095 x 90 = 85,500

So, the answer should be: $85,500 interest.

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