Question

Can someone please help me? I keep losing points...

CORRECT ANSWERS ONLY PLEASE!!!!

Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

Answer 1

$92996

Explanation:

Using the given formula :

I = P × R × T

I = 53712 × 15/100 × 5

I = $40284

He has = 40284 + 53712 = $93996

Answer 2

$93,996

Explanation:

i = prt

i = ($53,712)(.15)(5)

i = $40, 284

$40, 284 + $53,712

$93,996