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Anna35 [415]
3 years ago
5

Principal =2,400 Rate=2% Time= 2years

Mathematics
1 answer:
nlexa [21]3 years ago
3 0

Answer:

<em>$2,496.00</em>

Step-by-step explanation:

<em>First, converting R percent to r a decimal </em>

<em>r = R/100 = 2%/100 = 0.02 per year. </em>

<em> Solving our equation: </em>

<em>A = 2400(1 + (0.02 × 2)) = 2496  </em>

<em>A = $2,496.00 </em>

<em> The total amount accrued, principal plus interest, from simple interest on a principal of $2,400.00 at a rate of 2% per year for 2 years is $2,496.00.</em>


Hope this helps, have a good day. c;

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