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Principal is 5000 rate p.a. is 8 percent and time 1year
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8 votes
Principal is 5000 rate p.a. is 8 percent and time 1year

User Ayyan Alvi
by
4.4k points

1 Answer

9 votes

Answer:

5400

Explanation:

Given data

P= 5000

r= 8%

t= 1 year

The simple interest expression is given as

A= P(1+rt)

Required

The final amount A

substitute

A= 5000(1+0.08*1)

A= 5000*1.08

A= 5400

Hence the final amount 5400

User Pierre Duplouy
by
4.8k points
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