Question

I will give you 35 points if you find this!!!

Answer 1

$51.06 and $976.06

Explanation:

First, converting R percent to r a decimal

r = R/100 = 2.3%/100 = 0.023 per year.

Solving our equation:

A = 925(1 + (0.023 × 2.4)) = 976.06

A = $976.06

The total amount accrued, principal plus interest, from simple interest on a principal of $925.00 at a rate of 2.3% per year for 2.4 years is $976.06.