9514 1404 393
Answer:
$9.00
Step-by-step explanation:
The simple interest formula can be used.
I = Prt . . . . . interest on principal P invested at rate r for t years
I = ($1200)(0.06)(1/8) = $9.00
The simple interest Xander would earn is $9.00.
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Justification: the interest is computed using the appropriate formula.
