Answer:
$210
Step-by-step explanation:
equation =
210 / 8 * 8
/8 and * 8 cancel out so its left with $210
= $ 32,275.00
Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 4.85%/100 = 0.0485 per year,
putting time into years for simplicity,
24 quarters ÷ 4 quarters/year = 6 years,
then, solving our equation
A = 25000(1 + (0.0485 × 6)) = 32275
A = $ 32,275.00
The total amount accrued, principal plus interest,
from simple interest on a principal of $ 25,000.00
at a rate of 4.85% per year
for 6 years (24 quarters) is $ 32,275.00.
You would multiply 6 by 3 and x by 4. You would end up getting 4x = 18 and then you simplify that to get 9/2 or 4.5.
