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Dmitry [639]
3 years ago
7

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

Mathematics
2 answers:
crimeas [40]3 years ago
3 0

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

<h3><u>Hence </u><u>the</u><u> </u><u>Amount</u><u> </u><u>is </u><u>$</u><u>3</u><u>,</u><u>8</u><u>1</u><u>0</u><u> </u><u>and </u><u>the </u><u>SI </u><u>is </u><u>$</u><u>8</u><u>1</u><u>0</u><u> </u><u>.</u></h3>
nika2105 [10]3 years ago
3 0

Answer:

Step-by-step explanation:

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

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