Question

Shania invests $750 at a rate of $2 \frac{1}{2}$ % per year simple interest. Calculate the total amount Shania has after 5 years.

Answer 1

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

This is ur ans hope it will help you in case of any doubt comment below

Answer 2

Heya!!!

★Answer★

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Given,

Real Money (p) = 750

Interest (r %) = 2×1/2 = 5/2

Time (t) = 5

As We Know,

Simple Interest={ p×r×t / 100 }

so,

750 × 5/2 × 5 / 100

=375 × 25 / 100

= 375 / 4

= 93.75

So, Total Amount,

= (750+93.75)

=843.75

So, Shania Has $843.75 After 5 Years.

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#hope helped (: