Question

Please help!

Answer 1

Answer:

i think it is $106,800.00

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 6.5%/100 = 0.065 per year.

Solving our equation:

A = 60000(1 + (0.065 × 12)) = 106800

A = $106,800.00

The total amount accrued, principal plus interest, from simple interest on a principal of $60,000.00 at a rate of 6.5% per year for 12 years is $106,800.00.