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Heather has $30,000 in a savings account that earns 15% interest per year. The interest is not compounded. How much interest will she earn in 9 months?

 

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Mark M. | Mathematics Teacher - NCLB Highly QualifiedMathematics Teacher - NCLB Highly Qualif...
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i = p · r · t      (Learn this for future "stupid" problems)
i = 30000(0.15)(0.75)      note 9 months = 0.75 of a year
 
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