Question

Can someone help me please

Answer 1

I = $650

A = $23,580

Explanation:

First question

I = ?, P = $1000, R= 5%, T = 13

`I = (P*R*T)/(100)=(1000*5*13)/(100)= 650`

Therefore, interest = $650

Second...

P = $15, 000, R = 5.2%, T = 11, I = ? A= ?

`I = (P*R*T)/(100)=(15000*5.2*11)/(100)= 8580`

To find A, we add the principal with the interest

A = P + I = $15,000 + $8580 = $23,580