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9 February, 17:24

Ginger Yiu has a principal of $900 in her savings account with a 6% APR. The simple interest is calculated quarterly. What is the amount in the account at the end of the third quarter?

A. $945.22

B. $987.33

C. $935.67

D. $940.50

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  1. 9 February, 20:39
    0
    A=p (1+rt)

    A future value?

    p Principle 900

    R interest rate 0.06

    T time 9/12

    A=900 * (1+0.06 * (9:12))

    A=940.5
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