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pshichka [43]
3 years ago
7

PLEASE HELP

Mathematics
1 answer:
finlep [7]3 years ago
3 0
Answer:
A = $ 5,875.00

Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year,
then, solving our equation

A = 5000(1 + (0.05 × 3.5)) = 5875 
A = $ 5,875.00

The total amount accrued, principal plus interest,
from simple interest on a principal of $ 5,000.00
at a rate of 5% per year
for 3.5 years is $ 5,875.00.
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