Simple Interest Of 25400 At 6% For 1 Year?

Simple interest of 25400 at 6% for 1 year?

 

Answer: Interest added after 1 year is 1, 524

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 6%/100 = 0.06 per year.

Solving our equation:

A = 25400(1 + 0.06) = 25400(1.06)

A = 26,924

26, 924-25, 400= 1,524


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