Verified answer

Answer:

22,950.00 is the amount he can withdraw after 2.5 years with the interest of 14% and a principal amount of 17,000.00.

Question:

Jun deposited 17,000.00 in a bank at 14% interest per annum, how much will he expect to withdraw at the end of 2 ½ years​

Step-by-step explanation:

1. Indicate all the given:

Principal (P) = 17,000.00

Rate (R) = 0.14

Time = 2.5

Amount = ?

2. Use the formula for simple interest:

For final amount

3. Substitute and answer:

22,950.00