Answer: I dont know the answer but i did some research and i got you some notes i hope they help!
Step-by-step explanation: :D
The answer is $1,026.
Solving: Use Simple interest formula, I=Prt.
Make the rate into a decimal (1.6% -> 0.016)
plug in the numbers into the formula. 950 x 0.016 x 5 = 76$.
76$ will be our interest, now to find the balance we would have to add the the starting money (950) with our interest (76$), resulting in our answer of $1,026 after 5 years.
D = 109 - 84 = 134 - 109 = 25
2nd term = 34 + 25 = 59
72 divided by 6374 is equal to 0.0113
Hope it helps :)
