Answer:
Answer: $14398.80
Step-by-step explanation:
You first start with the formula: I = Prt
P = 10140
R = 8.4% (per month)
T = 5 months
Now plug the numbers into the formula:
I = 10140 x 0.084 x 5 = $4258.80
Now all you have to do is add the initial principal and the amount after 5 months to get 10140 + 4258.80 = 14398.80. Here are some examples:
- If you borrowed the $10140.00, you would now owe $14398.80
- If you loaned someone $10140.00, you would now be due $14398.80
- If owned something, like a $10140.00 bond, it would be worth $14398.80 now.
Hope this helped!
:)
