Answer:
$20,850.00)
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year.
Solving our equation:
A = 139000(1 + (0.05 × 3)) = 159850
A = $159,850.00
The total amount accrued, principal plus interest, from simple interest on a principal of $139,000.00 at a rate of 5% per year for 3 years is $159,850.00.
