Grace invests $6600 in a money market account at a rate of 4% for 5 months. how much money will she receive in interest if the interest is calculated using the simple interest formula? round your answer to the nearest penny if necessary. use the formula i = prt hint: 4% must be written in decimal form and time must be expressed in years.

answer: since the question is talking about growth you have to use the growth formula which is inital amount (1 + growth)^time

step-by-step explanation:

the intial amount is 1200, the growth is 4.8, and the time is 7. plug those numbers into the equation, also i think you have to change 4.8 into a percent. but, i have forgotton how to do that. if this is a online class go on to the lesson.

step-by-step explanation:

we are given

since, we have to isolate x on anyone side

so, we can move all x terms on one side

subtract both sides by 2x

add both sides by 9

divide both sides by 4

we get