Answer:
The total money received after 9 years is $1045 .21.
Step-by-step explanation:
The Principal amount invested = $823
Rate of interest = 3%
The time interval = 9 years
Now, SIMPLE INTEREST = [tex]\frac{P \times R \times T}{100}[/tex]
So, here SI = [tex]\frac{823 \times 3 \times 9}{100} = 222.21[/tex]
or, Simple Interest = $222.21
Now,as we know AMOUNT = PRINCIPAL + SIMPLE INTEREST
So, A = $823 + $222.21
= $1045 .21
Hence, the total money received after 9 years is $1045 .21.
