Answer:
142.35
Step-by-step explanation:
A=p(1+rt)
First, converting R percent to r a decimal
r = R/100 = 6.5%/100 = 0.065 per year.
Solving our equation:
A = 730(1 + (0.065 × 3)) = 872.35
A = $872.35
The total amount accrued, principal plus interest, from simple interest on a principal of $730.00 at a rate of 6.5% per year for 3 years is $872.35.
