Respuesta :

Answer:

$1060

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 5.3%/100 = 0.053 per year,

then, solving our equation

I = 2000 × 0.053 × 10 = 1060

I = $ 1,060.00

The simple interest accumulated

on a principal of $ 2,000.00

at a rate of 5.3% per year

for 10 years is $ 1,060.00.

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