A = $ 5,300.00
Equation:
A = P(1 + rt)
First, converting R percent to r a decimal
r = R/100 = 6.5%/100 = 0.065 per year,
then, solving our equation
A = 4000(1 + (0.065 × 5)) = 5300
A = $ 5,300.00
The total amount accrued, principal plus interest,
from simple interest on a principal of $ 4,000.00
at a rate of 6.5% per year
for 5 years is $ 5,300.00.
Hope it helped : )
