Question

2. Find the simple interest. P=$90300, R=8.7%, T=2

months
A $15.712.20
0 $130.935
B) $1 309.35
D) $1,571.22

Answer 1

$15,712.20

Explanation:

First you convert the percentage to decimal form out of 100 (which you divide)

8.7%/100 = 0.087

A = P(1 + rt)

A = $90,300(1 + 0.087 * 2) ( * = multiplication)

I = $106,012.20 - $90,300= $15,712.20

Which you should get $15,712.20

Hope this helps!