P = 1600, Rate = 25%,Time= 6 years then amount =
a] 4000 b] 3200 c] 4200
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Answered by
15
1600×25×6/100
=2400
amount=p+s.i=1600+2400=4000
Answered by
2
Answer:
A 4000
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 25%/100 = 0.25 per year.
Solving our equation:
A = 1600(1 + (0.25 × 6)) = 4000
A = $4,000.00
The total amount accrued, principal plus interest, from simple interest on a principal of $1,600.00 at a rate of 25% per year for 6 years is $4,000.00.
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