Answer:
$877.50
Step-by-step explanation:
As you know, I = Prt, when we have something next to each other without parenthesis or a space, we multiply.
Solving our equation:
A = 650(1 + (0.05 × 7)) = 877.5
A = $877.50
The total amount accrued, principal plus interest, from simple interest on a principal of $650.00 at a rate of 5% per year for 7 years is $877.50.
