Find the Simple Interest and the Total Amount Including Interest

question 150

Short Answer

Find the simple interest and the total amount including interest. $$\begin{array} { c | c | c | c | c } \text { Principal } & \text { Annual Interest Rate } & \text { Time in Years } & \text { Interest } & \text { Total Amount } \\\hline \$ 5000 & 5.2 \% & 5 & &\end{array}$$

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Definitions:

Gross Profit

The difference between revenue and the cost of goods sold, representing the basic profitability of a company's products or services.

Sports Apparel

Clothing and accessories designed for sports and physical activities.

Depreciation

The allocation (spreading) of the cost of an asset (such as an auto or equipment) over its expected useful life.

Square Footage

A measurement of area expressed in square feet, often used to determine the size of a room or building.