Use the formula for interest P=750 r=7% Y=25 A=?
1 answer:
Answer:
2062.50
Step-by-step explanation:
Interest = (Principle x rate x time)/100
Amount = Principle + interest
Principle = 750
Rate = 7%
Time = 25 years
(750 x 7 x 25)/100
= 131250/100
=1312.50
Principle = 750
Interest = 1312.50
Amount = 750 + 1312.50
Amount = 2062.50
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