Question

Principal, $3000; Annual interest rate, 5.4%; time, 5 years

Answer 1

Answer:

SI = $810

Amount = $3,810

Step-by-step explanation:

Given that ,

• P = $ 3,000
• R = 5.4%
• T = 5 yrs .

We can use the formula of SI to find the interest as ,

=> SI = P × R × T / 100

=> SI = $ 3000 × 5.4 × 5 / 100

=> SI = $ 30 × 5.4 × 5

=> SI = $ 810 .

• If you want to know total amount , then ,

=> Amount = SI + P

=> Amount = $ 810 + $ 3,000

=> Amount = $ 3,810

Hence the Amount is $3,810 and the SI is $810 .

Answer 2

Answer:

Step-by-step explanation:

3000*(.054)(5)= $810