Respuesta :
Answer: $9,810
Explanation:
Given that,
Principal amount (P) = $9,000
Simple interest rate (r) = 9%
Time period (t) = 1 year
Amount at the end of the 1 year period = P (1 + rt)
= 9,000 + 9,000 × 0.09 × 1
= 9,000 + 810
= $9,810
Answer:
The $9,810 is the amount which is show at the end of the 1 year period
Explanation:
For computing the amount at the end of the year we use the formula of simple interest and amount
The formula of simple interest is shown below:
Simple interest = Principal × rate × year ÷ 100
= $9000 × 9% *1
= $810
And, the amount value equal to
= Principal amount + Simple Interest
= $9,000 + $810
=$9,810
Hence, the $9,810 is the amount which is show at the end of the 1 year period
