Answer
$266.66
Step-by-step explanation:
We have here ,
- Principal = $200
- Rate = 16%
- Time = 10 months = 10/12 yrs.
We can use the formula of SI to calculate the SI . After adding it to principal we will get the amount .
⇒ SI = P × R × T / 100
⇒ SI = $ 200 × 16 × 10 / 12 × 100
⇒ SI = $ 26.66
Now Calculate amount as ,
⇒ A = SI + P
⇒ A = $ 200 + $ 26.66
⇒ A = $ 226.66
