i think the answer is 88 i hope i helped
Answer:
ill try
Step-by-step explanation:
Answer:
18225
Use the formula: .
A = final amount
P = initial amount invested
r = annual interest rate
t = time (in years)
Insert all values in appropriate places.
Simplify.
A=16200(1+(0.025)(6))
Answer:
31.8%
Step-by-step explanation:
The formula for simple interest is I = PRT, where I = interest earned/paid, P = principal amount deposited or borrowed, R = rate of interest as a decimal, and T = time in years.
I = PRT
5720 = (1200)(R)(15)
5720 = 18,000R
R = 0.3177777, rounded to 31.8%
