Answer:
$27,500.00
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 6%/100 = 0.06 per year.
Solving our equation:
A = 11000(1 + (0.06 × 25)) = 27500
A = $27,500.00
The total amount accrued, principal plus interest, from simple interest on a principal of $11,000.00 at a rate of 6% per year for 25 years is $27,500.00.
