Respuesta :

samuelonum1

Answer:

11235.35

Step-by-step explanation:

Given data

P=8225

R=4.2%=0.042

T=8years

The simple interest formula is

A=P(1+rt)

Substitute

A=8225(1+0.042*8)

A=8225(1+0.336)

A=8225*1.366

A=11235.35

Hence the balance will be 11235.35