The total amount accumulated, principal plus interest, from simple interest on a principal of $8,000.00 at a rate of 10.2% per year for three years is $10,448; with this the total amount of boat is $12,948.
Arithmetic operations is a field of mathematics that studies numbers and the operations on numbers that are helpful in all other disciplines of mathematics. It consists mostly of operations like addition, subtraction, multiplication, and division. Arithmetic operators use operands to perform mathematical operations such as addition and subtraction. Unary and binary mathematical operators are the two types.
Here,
First, converting R percent to r a decimal
r = R/100 = 10.2%/100 = 0.102 per year.
Solving our equation:
A = 8000(1 + (0.102 × 3)) = 10448
A = $10,448.00
Total cost of boat=10448+2500
=$12,948
The total amount accrued, principal plus interest, from simple interest on a principal of $8,000.00 at a rate of 10.2% per year for 3 years is $10,448 with this the total amount of boat is $12,948.
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