Hey!
A = $4,785.00
I = A - P = $435.00
Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 2%/100 = 0.02 per year.
Solving our equation:
A = 4350(1 + (0.02 × 5)) = 4785
A = $4,785.00
The total amount accrued, principal plus interest, from simple interest on a principal of $4,350.00 at a rate of 2% per year for 5 years is $4,785.00.
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Hope you have a great day and this helped in some way <33
