Question

p=625, T = 3/2 years , R = 4% then A = ? & CI = ?​

Answer 1

Answer:

$ci \: = \: 37.5$

$amount \: = \: 625 + 37.5 = 662.5$

Step-by-step explanation:

$ci \: = \: \frac{p \times t \times r}{100}$

$ci \: = \: \frac{625 \times 3 \times 4}{100 \times 2}$

$ci \: = \: 37.5$

$amount \: = \: ci + principle$

$amount \: = \: 625 + 37.5 = 662.5$

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