Answer:
$25,740
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year,
then, solving our equation
I = 23400 × 0.05 × 2 = 2340
I = $ 2,340.00
The simple interest accumulated
on a principal of $ 23,400.00
at a rate of 5% per year
for 2 years is $ 2,340.00.
Answer:
D
Step-by-step explanation:
hope this helps
Answer:
The answer would be B.
Step-by-step explanation:
Hope this helps.
