ping2em ping2em

15-02-2021
Mathematics

contestada

principal is 5000 rate p.a. is 8 percent and time 1year

Respuesta :

samuelonum1 samuelonum1

20-02-2021

Answer:

5400

Step-by-step explanation:

Given data

P= 5000

r= 8%

t= 1 year

The simple interest expression is given as

A= P(1+rt)

Required

The final amount A

substitute

A= 5000(1+0.08*1)

A= 5000*1.08

A= 5400

Hence the final amount 5400

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