Answer:
$1060
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 5.3%/100 = 0.053 per year,
then, solving our equation
I = 2000 × 0.053 × 10 = 1060
I = $ 1,060.00
The simple interest accumulated
on a principal of $ 2,000.00
at a rate of 5.3% per year
for 10 years is $ 1,060.00.
1. 60 + 60*0.05 = 60 + 3 = 63;
2. 50 + 50*0.05 = 50 + 2.5 = 52.5;
Answer:
what are you asking for
Step-by-step explanation: