dhontes512
dhontes512 dhontes512
  • 18-12-2019
  • Mathematics
contestada

someone deposits $567 dollars. The interest rate was 23%. How much money would someone get in 2 years?

Respuesta :

FrightfulMarty FrightfulMarty
  • 24-12-2019

Answer:

totel amount=$827.82

Step-by-step explanation:

given p=principle=$567

rate of interest=R=23%

time=T=2years

simple interest=[tex]\frac{P\times R\times T}{100}[/tex]

simple interest=[tex]\frac{567\times 23\times 2}{100}[/tex]

simple interest=$260.82

hence, totel amount=principle+simple interest

totel amount=$567+$260.82=$827.82

totel amount=$827.82 answer

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