Mathematics: The investors club invests 500 at 6% simple interest. how much is in the account afte 90 days?

It will be either -0.171 or -0.2...

The investors club invests 500 at 6% simple interest.

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02.01.2022

There would be $507.39 in the account after 90 days.

Step-by-step explanation:

Since we have given that

Principal = $500

Rate of interest = 6%

Number of days = 90 days

As we know that "Simple interest":

$Interest=\dfrac{P\times R\times T}{100}\\\\Interest=\dfrac{500\times 6\times 90}{100\times 365}\\\\Interest = \$7.39$

So, Amount = Principal + Interest

Amount = $500 + $ 7.39

Amount = $507.39

Hence, There would be $507.39 in the account after 90 days.

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