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How to do simple intrest with A= P ( 1 + rt) |
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Answer» $11,937.50 Step-by-step explanation:A = $11,937.50 I = A - P = $1,937.50 Equation: A = P(1 + rt) CALCULATION: First, converting R PERCENT to r a decimal r = R/100 = 3.875%/100 = 0.03875 per year. Solving our equation: A = 10000(1 + (0.03875 × 5)) = 11937.5 A = $11,937.50 The TOTAL amount accrued, principal PLUS interest, from simple interest on a principal of $10,000.00 at a RATE of 3.875% per year for 5 years is $11,937.50.MARK IT AS THE BRIANLIEST |
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