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Can somebody please help with this, I have been stuck on it for a while

Can somebody please help with this, I have been stuck on it for a while-example-1
User Dezefy
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2 Answers

11 votes


~~~~~~ \textit{Simple Interest Earned Amount} \\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \$2700\\ r=rate\to 0.3\%\to (0.3)/(100)\dotfill &0.003\\ t=years\dotfill &15 \end{cases} \\\\\\ A=2700[1+(0.003)(15)]\implies A=2700(1.045)\implies A=2821.5

User Prashant Kankhara
by
8.8k points
7 votes

Answer:

$2821.50

Explanation:

value = 2700 (deposit) x 0.003 (rate) x 15 (time) + 2700

User KBog
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