Respuesta :
$1722.24 would be the interest earned and $6922.24 is the total balance
Answer:
Interest earned=$ 1722.24
New Balance of account=$6922.24
Step-by-step explanation:
An account earns simple interest.
$5200 at 7.36% for 54 months.
The principal account (P) =$5200
R=7.36%
T=54 months=54/12 year=4.5 year.
Hence, simple interest(I) is calculated as:
[tex]I=\dfrac{P\times R\times T}{100}\\\\I=\dfrac{5200\times 7.36\times 4.5}{100}\\\\I=\$ 1722.24[/tex]
Hence, interest earned=$ 1722.24
Hence, the new balance of the account is:
P+I
=5200+1722.24
=$ 6922.24.
Hence new balance of account=$ 6922.24
