Answer:
y=1x-5
Step-by-step explanation:
This may be a simple interest computation.
Simple Interest = Principal * interest rate * term
Principal = 1,000
interest rate = 3%
term = 2 years
Simple Interest = 1,000 * 0.03 * 2
Simple Interest = 60
Total Amount after 2 years: 1,000 + 60 = 1,060
Answer:
I = 8,133.70
Step-by-step explanation:
The formula for calculating simple interest is given as :
I = Prt
P = 9414
r = 0.0240
t = 36
to find I , all we need do is to substitute the given value into the formula , that is :

I = 8133.696
I = 8,133.70