Question

Find A
For Problem 12

Answer 1

answer is $1920

Explanation:

first of all u shoul find interest.so,

I=PTR/100

=$1600*5*4/100

=$32000/100

=$320

so interest is $3200.now,

Amount(A)=P+I

=$1600+$320

=$1920

so the total amount the person receives after 5 years at the rate of 4% is $1920.

Hope it helps u!!