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;
