Question

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

Answer 1

`~~~~~~ \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`

Answer 2

$2821.50

Explanation:

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