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2 years ago

$1,200, 3.9%, 8months

Mathematics

2 answers:

Alexeev081 [22]2 years ago

8 0

1,200(1.039)^.66666
1200(<span>1.02583386437)
$1231.00

</span>

love history [14]2 years ago

5 0

Answer:

$1231

Step-by-step explanation:

Given,

Principal amount = $1200

Rate of interest = 3.9%

Time = 8 months or (8/12) 0.666667 years

Formula of simple interest = $A=P(1+rt)$

$A=1200(1+\frac{3.9\times 0.666667}{100})$

A = 1200(1+(0.039 × 0.666667))

A = 1200 (1+0.026)

A = 1200 (1.026)

A = $1231

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