See attached picture for answer:
<h3>Given:</h3>
- P= $12500
- R= 10%
- T= 3 years
<h3>Note that:</h3>
- P= Principal amount
- R= Rate of interest
- T= Time period
<h3>To find:</h3>
- The simple interest
- The total amount paid
<h3>Solution:</h3>

First, we'll have to multiply, principal amount (12500), rate (10) and time period (3).


Now, we'll have to divide the amount (375000) by 100.

<em>I=$3750</em>
Now, we can find the total amount paid.

Let's substitute according to the formula.

<em>A=$16250</em>
<u>Therefore</u><u>,</u><u> </u><u>simple</u><u> </u><u>interest</u><u> </u><u>is</u><u> </u><u>$</u><u>3</u><u>7</u><u>5</u><u>0</u><u> </u><u>and</u><u> </u><u>$</u><u>1</u><u>6</u><u>2</u><u>5</u><u>0</u><u> </u><u>was</u><u> </u><u>paid</u><u> </u><u>in</u><u> </u><u>total</u><u>.</u>
Answer:
845.6306
Step-by-step explanation:
Firstly this is annuity based
Let, investment at beginning of year = <em>x</em>
Then value at year 1 end = x + (8.2%
x)
Value at end of year 2 = (x + 0.082x) + (8.2%
(x + 0.082x))
Now this value = $990
Therefore,
990 = (x + 0.082x) + ((x + 0.082x)
8.2%)
990 = x + 0.082x + 0.082x + 0.006724x = 1.170724x
x = 990/1.170724 = 845.6306
Answer:
7y−2
Step-by-step explanation: