Answer:
$441
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 3.5%/100 = 0.035 per year,
then, solving our equation
I = 2400 × 0.035 × 5.25 = 441
I = $ 441.00
The simple interest accumulated
on a principal of $ 2,400.00
at a rate of 3.5% per year
for 5.25 years is $ 441.00.
Answer:
{2 pi/3}x units
Step-by-step explanation:
i got it right on edg
I believe it is the fourth option
The appropriate formula to use here is
A = P (1 + r)^t,
where A is the final amount, P is the initial amount, r is the annual interest rate as a decimal fraction, and t is the number of years (number of compounding periods).
Substituting the givens: $35000 = P(1+0.036)^3
$35000
Solving for P: P = ----------------- = $31476.67 (answer)
(1.036)^3
The algebraic expression would be 207-2d.
Hope this helps.