Answer:
371.00
Step-by-step explanation:
A = $371.00
(I = A - P = $21.00)
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 = 350(1 + (0.02 × 3)) = 371
A = $371.00
The total amount accrued, principal plus interest, from simple interest on a principal of $350.00 at a rate of 2% per year for 3 years is $371.00.
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i think idk
