Somebody please help me with this math question and I’ll give you 26 points please if you are going to submit links do not answe

Question

3 years ago

11

r me thank you

1 answer:

vampirchik [111] · Answer 1 · 2022-10-22T05:42:06+03:00

Answer:

$600

Step-by-step explanation:

Simple Interest Rate: A = P(1 + RT)

A $\longmapsto$ Total Value

P $\longmapsto$ Principle

R $\longmapsto$ Rate

T $\longmapsto$ Time

__________________________________________________________

<h2>Step 1: Insert Values </h2><h2> </h2>

Let's plug the info we have into the formula:

A = 4000(1 + 0.05(3))

A = 4000 + 4000(0.15)

A = 4000 + 600

A = 4600

__________________________________________________________

<h2>Step 2: Finding the Interest</h2><h2 />

So the total value she ends up with $4600, but we want to find the extra value, or interest, she has to pay.

To find this we subtract the principle from the new value:

4600 - 4000 = 600

Liz has to pay $600.

-Chetan K