Answer:
$892.50
Step-by-step explanation:
The amount of interest earned is given by ...
I = Prt
Filling in the given values, we have ...
$178.50 = P·0.04·5
Dividing by 0.20 gives ...
$178.50/0.20 = P = $892.50
The principal amount in Kelly's account is $892.50.
Answer:
Simple interest is calculated by multiplying the daily interest rate by the principal, by the number of days that elapse between payments.
Step-by-step explanation:
Principal x rate x time = interest.
$100 x .05 x 1 = $5 simple interest for one year.
$100 x .05 x 3 = $15 simple interest for three years.
................................................................................................
16 BECAUSE YOU ADD THE CUT UP APPLES AND MAKE IT A FRACTION