Answer:
$2,496.00
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 2%/100 = 0.02 per year.
Solving our equation:
A = 2400(1 + (0.02 × 2)) = 2496
A = $2,496.00
The total amount accrued, principal plus interest, from simple interest on a principal of $2,400.00 at a rate of 2% per year for 2 years is $2,496.00.
Hope this helps, have a good day. c;
