Question

Susan deposits $2000 into her savings account. What is her balance after she earns 7% simple interest for 6 years? Find the unknown amount A = ? p = $1000 r = 2.5% t = 2 years

Answer 1

Answer:

Given,

p= 1000

r = 2.5

t=6years

$s.i = \frac{prt}{100}$

$\frac{1000 \times 2.5 \times 6}{100}$

$\frac{2500 \times 6}{100}$

$150rs$

A = P + I

A = 1000+150

=1500Rs

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