WILL GIVE BRAINLIEST!!!

Mathematics

2 answers:

torisob [31]2 years ago

8 0

Answer:
A = $2,240.00

(I = A - P = $240.00)

Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 3%/100 = 0.03 per year.

Solving our equation:
A = 2000(1 + (0.03 × 4)) = 2240
A = $2,240.00

The total amount accrued, principal plus interest, from simple interest on a principal of $2,000.00 at a rate of 3% per year for 4 years is $2,240.00.

Dmitry [639]2 years ago

5 0

Interest of 4 years:
2,000 x 4 x 0.03 = $240

total pay:
$2,000 + $240 = $2,240

answer
$2,240

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