Question

Principal =2,400 Rate=2% Time= 2years

Answer 1

$2,496.00

Explanation:

First, converting R percent to r a decimal

r = R/100 = 2%/100 = 0.02 per year.

Solving our equation:

A = 2400(1 + (0.02 × 2)) = 2496

A = $2,496.00

The total amount accrued, principal plus interest, from simple interest on a principal of $2,400.00 at a rate of 2% per year for 2 years is $2,496.00.

Hope this helps, have a good day. c;