Answer:
The total amount accrued, principal plus interest, from simple interest on a principal of $9,100.00 at a rate of 2.5% per year for 3 years is $9,782.50.
Step-by-step explanation:
Principle amount = P = £9100
interest rate = r = 2.5% per year
Time period = t = 3
Simple Interest = 9100 × 2.5% × 3 = £682.5
Total amount = Principal amount + Simple interest
= 9100 + 682.5
= £9782.5
Therefore, the total amount accrued, principal plus interest, from simple interest on a principal of £9,100.00 at a rate of 2.5% per year for 3 years is £9,782.50.
