Answer:
$870
Step-by-step explanation:
To figure out how much the final value here is, use the formula A = P(1 + rt). (A = total accured amount, P = principal, r = rate (%), t = time (years))
A = 600 * (1 + (10 * 9/200)) (multiply 10 by 9 and put that over 200)
A = 600 * (1 + (90/200)) (90/200 simplifies to 9/20)
A = 600 * (1 + (9/20)) (add 1 (20/20) to 9/20 to get 29/20)
A = 600 * 29/20 (Multiply 600 by 29 and put that over 20)
A = 17400/20 (Divide 17400 by 20 to get 870)
A = 870
$870 is the final value.
