Answer:
I = $650
A = $23,580
Step-by-step explanation:
First question
I = ?, P = $1000, R= 5%, T = 13
[tex]I = \frac{P*R*T}{100}=\frac{1000*5*13}{100}= 650[/tex]
Therefore, interest = $650
Second...
P = $15, 000, R = 5.2%, T = 11, I = ? A= ?
[tex]I = \frac{P*R*T}{100}=\frac{15000*5.2*11}{100}= 8580[/tex]
To find A, we add the principal with the interest
A = P + I = $15,000 + $8580 = $23,580
