yara126 yara126

27-10-2020
Mathematics

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Shania invests $750 at a rate of 2% per year simple interest.
Calculate the total amount Shania has after 5 years.

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juraijsaeed juraijsaeed

27-10-2020

Answer:

Given

P=$750

Rate =2. 5 % (2 1/2%)

Time=5 yr

Simple interest = pxrxt /100

=750x2.5x5/100

=$93.75

Amout =p+i

=750+93.75

=$843. 75

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