Answer:
The money was left untouched for 2 years and 6 months or just 2.5 years
Step-by-step explanation:
In this question, we are asked to calculate the time taken for an amount deposited to earn a certain amount of interest.
Mathematically, simple interest can be calculated using the formula;
I = PRT/100
where I is the interest accrued which is 3696.88 - 3,500 = 196.88
P is the principal which is the amount deposited = 3,500 according to the question
R is the rate which is 2.25% according to the question
T is the time which we are to find
we can rearrange the formula making T the subject and we obtain the following;
T = 100I/PR
substituting the values listed above we have;
T = (100 * 196.88)/(3500 * 2.25)
T = 19688/7875
T = 2.5 years or 2 years 6 months
Answer:
21
Step-by-step explanation:
<em>Step 1: add 2 to 5</em>
=> 2 + 5
=> 7
<em>Step 2: Multiply the result by 3:</em>
=> 7 * 3
=> 21
Therefore the <u>final answer = 21</u>
Hope this helps!
Answer:
The answer is 2145$
Step-by-step explanation:
825×0.04=33
Once every quarter of a year means the number of years × 4 = 10×4=40
So
33×40 =1320$
1320+825=2145$