9. Ahmad deposits an amount on September 1, 2005, into an account that earns simple interest quarterly. His bank sends him statements after each quarter. The amounts for the first four quarters are shown.
How much did Ahmad invest?
What rate of simple interest is he earning?
1. dec 1 2005 $3994.32
2. mar 1 2006 $4248.64
3. jun 1 2006 $4502.96
4. sept 1 2006 $4757.28
How much did Ahmad invest?
What rate of simple interest is he earning?
1. dec 1 2005 $3994.32
2. mar 1 2006 $4248.64
3. jun 1 2006 $4502.96
4. sept 1 2006 $4757.28