Sarah invested $25,000 at 8% simple interest . what is the total amount of money after 3 years

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Sarah invested $25,000 at 8% simple interest . what is the total amount of money after 3 years

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NICOLEASHLEY18412IN NICOLEASHLEY18412IN · Answer 1

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The total amount of money after 3 yrs. is [tex]\color{lime}{{\sf{81,000}}}[/tex]

AD = P + 1

= P × (1 + R x T)

= 25,000 × (1 + 8% × 3)

= 25,000 × ( 3.24 )

= 25,000 × 3.24

= 81,000

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