Question

P= $600
R= 12.5%
T= 2 years
Answer?

Answer 1

Okay step by step on how I got the answer to your question!

1. 600 times 12.5%
Turn 12.5% into a decimal witch is .125 because we move the decimal to the left two times.

2. When you multiply 600 times .125 you would get 75.

3. Multiply 75 times your years witch is 2

4. When you multiply 75 by 2 and get 150 you add it to your original price (600)

5. 600 + 150 = 750

Hope this helped!

:)

Have any other Question or if you are still confused just ask!!

Answer 2

The only missing thing there is the interest:

Interest, I = PRT, P is Principal in $, R = Rate in %, T = Time in years

= 600 * 12.5% * 2

= (600 * 12.5 * 2) / 100

= 150

Interest = $150,

Amount at the end of 2 years = P + I = 600 + 150 = $750