Question

A = P + I where
P (principal) = $ 10,000.00
I (interest) = $ 3,366.37

Answer 1

A = $ 13,366.37

Step-by-step explanation:

First, convert R percent to r a decimal

r = R/100

r = 3.875%/100

r = 0.03875 per year,

Then, solve an equation for A like this:

A = P(1 + r/n)nt

A = 10,000.00(1 + 0.003229167/12)(12)(7.5)

A = $ 13,366.37

Summary:

P + I = $ 13,366.37