Question

Use the formula for Interest:
P = 100
r = 7.2%
Y = 5
A = ?

Answer 1

`\bf \qquad \textit{Simple Interest Earned Amount}\\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& \$100\\ r=rate\to 7.2\%\to (7.2)/(100)\to &0.072\\ t=years\to &5 \end{cases} \\\\\\ A=100(1+0.072\cdot 5)`