Answer:
True
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 5.2%/100 = 0.052 per year,
then, solving our equation
I = 10000 × 0.052 × 5 = 2600
I = $ 2,600.00
The simple interest accumulated
on a principal of $ 10,000.00
at a rate of 5.2% per year
for 5 years is $ 2,600.00.
