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

Question

asked Oct 10, 2022 201k views

1 Answer

Pierre Duplouy · Answer 1 · 2022-10-14T11:06:04+0000

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