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16 August, 10:32

With the formulae for internet what is P=$1250 r = 6.3% Y=10 A=?

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  1. 16 August, 10:47
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    Formula for simple interest:

    A = P (1+rt)

    As 6.3% = 0.063

    Put values

    A=1250 (1 + 0.063 x 10)

    A=1250 (1.63)

    A=$2037.5

    Answer: A = $ 2037.5
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