Respuesta :
Answer:14 000
Step-by-step explanation:
Simple interest formula: A=P(1+in)
A= amount after interest is added
P= initial amount (10000)
i= interest rate (8%)
n= number of periods (5 years)
Now substitute what you have into the simple interest formula:
A=P(1+in)
A=10000(1+(8/100)(5))
A= 14 000
The reason why 8 is divided by 100 is that 8 is a percentage. Unless you have a percentage function on your calculator, I'd strongly encourage you to ALWAYS divide your percentages by 100.
