Answer:
Account balance after interest is added : A = P(1 + rt)
Interest : I = A - P
R = 2.7% per year
P = $900.00
t = 1.5 years
First, converting R percent to r a decimal
r = R/100 = 2.7%/100 = 0.027 per year.
Solving our equation:
A = 900(1 + (0.027 × 1.5)) = 936.45
A = $936.45
Interest : I = A - P = $36.45
**Note: There are numerous online calculators that will walk you through this with steps like I listed above ***
Step-by-step explanation:
