Question

Can somebody please help with this, I have been stuck on it for a while

Answer 1

Answer:

$2821.50

Step-by-step explanation:

value = 2700 (deposit) x 0.003 (rate) x 15 (time) + 2700

Answer 2

$~~~~~~ \textit{Simple Interest Earned Amount} \\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill & \ 2700\\ r=rate\to 0.3\%\to \frac{0.3}{100}\dotfill &0.003\\ t=years\dotfill &15 \end{cases} \\\\\\ A=2700[1+(0.003)(15)]\implies A=2700(1.045)\implies A=2821.5$