Monico invests $9,000 at 9% simple interest for 1 year. how much is in the account at the end of the 1 year period?

The $9,810 is the amount which is show at the end of the 1 year period

Explanation:

For computing the amount at the end of the year we use the formula of simple interest and amount

The formula of simple interest is shown below:

Simple interest = Principal × rate × year ÷ 100

                          = $9000 × 9% *1

                          = $810

And, the amount value  equal to

= Principal amount + Simple Interest

= $9,000 + $810

=$9,810

Hence, the $9,810 is the amount which is show at the end of the 1 year period

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