Use the simple interest formula to solve.
2 answers:
Let us assume that the rate is same throughout 5 years.
Principle amount is = $43500
Rate of interest = 2.25%
Time = 5 years
Interest =
Interest =
= 4893.75
Hence interest incurred in 5 years is $4893.75
So, total amount payable after 5 years will be = = $48393.75
Hence, after 5 years Seth will pay $48393.75
The formula of simple interest to find the amount principal plus simple interest p+si=a the formula to find the simple interest principle multiplied by rate of interest multiplied by time the whole divided by 100 p*r*t/100=si let us replace the formula 43500*2.25*5/100=si 97875*5/100=si 489375/100=si 4893.75=si 4893.75+43500=a 48393.75=a hope you found this useful please put this as the brainliest answer please
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