IDNLearn.com: Where your questions meet expert answers and community support. Ask anything and get well-informed, reliable answers from our knowledgeable community members.
Sagot :
The formula to calculate Simple Interest is given as
[tex]I=\frac{\text{PRT}}{100}[/tex]The question provides the following parameters:
[tex]\begin{gathered} R=2.5 \\ T=2 \end{gathered}[/tex]If the amount to be had now is $4000, which is inclusive of the interest to be had over the period, this means that
[tex]P+I=4000[/tex]If we substitute the value for I, we have a new equation, such that
[tex]\begin{gathered} P+\frac{\text{PRT}}{100}=4000 \\ \therefore \\ P(1+\frac{RT}{100})=4000 \end{gathered}[/tex]Substituting the values into the equation, we can solve for P as
[tex]\begin{gathered} P(1+\frac{2.5\times2}{100})=4000_{} \\ P(1+0.05)=4000 \\ 1.05P=4000 \\ P=\frac{4000}{1.05} \\ P=3809.52 \end{gathered}[/tex]The answer is $3,809.52
We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Accurate answers are just a click away at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.
