For simple interest, the formula is I = PRT, where I = interest, P = principal borrowed or deposited, R = rate as a decimal, and T = time in years.

Your information:
I = (870)(0.08)(5)
I = 348

Add the interest to the principal for your total balance

348 + 870 = $1218 will be the total balance in the account.

4 0

2 years ago

Please help !!!!!!!!!

atroni [7]

Answer:

Katherine invested $12,000

Step-by-step explanation:

Use formula

$I=P\cdot r\cdot t,$

where

I = interest,

P = principal,

r = rate (as decimal),

t = time (in years).

In your case,

t = 1 year,

r = 0.06 (or 6%)

P + I =$12,720, thus

$12,720-P=P\cdot 0.06\cdot 1\\ \\12,720-P=0.06P\\ \\12,720=P+0.06P\\ \\1.06P=12,720\\ \\P=\dfrac{12,720}{1.06}\\ \\P=\$12,000\\ \\I=\$12,720-\$12,000=\$720$

6 0

2 years ago

What is the answer for the last 2 questions

arsen [322]

A. is 20ft I believe but I don't know the other one

5 0

2 years ago