Math, asked by raziabi310, 10 hours ago

Find the interest and amount for $200 for 1 year at 5% per annum.

Answers

Answered by ramalekshmirajesh012
0

Answer:

A = $210.00

I = A - P = $10.00

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 5%/100 = 0.05 per year.

Solving our equation:

A = 200(1 + (0.05 × 1)) = 210

A = $210.00

The total amount accrued, principal plus interest, from simple interest on a principal of $200.00 at a rate of 5% per year for 1 years is $210.00.

Step-by-step explanation:

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