kaitlynauito0908 kaitlynauito0908
  • 14-05-2021
  • Mathematics
contestada

Find A
For Problem 12

Find A For Problem 12 class=

Respuesta :

bhadelsimron19
bhadelsimron19 bhadelsimron19
  • 14-05-2021

Answer:

answer is $1920

Step-by-step explanation:

first of all u shoul find interest.so,

I=PTR/100

=$1600*5*4/100

=$32000/100

=$320

so interest is $3200.now,

Amount(A)=P+I

=$1600+$320

=$1920

so the total amount the person receives after 5 years at the rate of 4% is $1920.

Hope it helps u!!

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