Answer:
4410
Step-by-step explanation:
A=Px(1+R)^n
4000x(1+0.05)^2=4410
A = $2,861.60
I = A - P = $2,361.60
Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 26.24%/100 = 0.2624 per year.
Solving our equation:
A = 500(1 + (0.2624 × 18)) = 2861.6
A = $2,861.60
The total amount accrued, principal plus interest, from simple interest on a principal of $500.00 at a rate of 26.24% per year for 18 years is $2,861.60.
Answer:
= 8 × 8 sq. cm. = 64 sq. cm.
answer 64 sq
