start finding the method of this statement so that you can solve it
Step-by-step explanation:
n
first the simple interest method says that:
A=P(1+i.n)
our letter "A" is the final amount, then our "P" is an interest amount which is $7744 also our "i" says that it is an interest rate which is 7% and "n" stands for number of years which is 3 months
simply do this replace all the letters with numbers I've indicated for instance:
remember that our A is a final amount which is needed simply say
A=$7744(1+0.03x3) or A=$7744(1+3/100×3)
(warning: do not round off because it deals with money, money can't be rounded off ) Answer/ our A /original money is equal to $8440.96
