Answer:
$1059.63
Step-by-step explanation:
Let the initial amount be x
Formula for simple interest is
[tex]I=Prt\\\\I=x(0.09)(1)\\\\I=0.09x[/tex]
Now, the amount in 1 years becomes $750. Thus, we have
[tex]x+0.09x=750\\\\1.09x=750\\\\x=688.07[/tex]
Therefore, the interest in 6 years is given by
[tex]I=688.07(0.09)(6)\\\\I=\$371.56[/tex]
Therefore, the amount in 6 years is given by
= 688.07 + 371.56
= $1059.63
Answer:
the answer is 1087.50......APEX
Step-by-step explanation:
