Newman Jackson invests $45,200 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Newman withdraws the accumulated amount of money.

Compute the amount Alan would withdraw assuming the investment earns simple interest. (Round answers to 0 decimal places, e. g. 458,581.)
Total withdrawn $

$ 90400

Explanation:

Simple interest = (P × R × T ) / 100 where P is principal = $ 45 200, R = rate at 10%  and T = time, 10 years

Simple interest for ten years = ($ 45 200 × 10 × 10) / 100 = 45200

amount withdrawn = $ 45200 + $ 45200 = $ 90400

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

b is the correct answer