Answer:
$1707.2
Step-by-step explanation:
Given data
Principal= $880
Rate= 9.4%
Time= 10years
The simple interest formula is
A= P(1+rt)
substitute into the formula to solve for A
A= 880(1+0.094*10)
A=880(1+0.94)
A=880*1.94
A=$1707.2
Hence the Amount after 10 years is $1707.2
