Answer:
$3,270
Step-by-step explanation:
A = P(1 + rt)
First, converting R percent to r a decimal
r = R/100 = 18%/100 = 0.18 per year.
Putting time into years for simplicity,
6 months / 12 months/year = 0.5 years.
Solving our equation:
A = 3000(1 + (0.18 × 0.5)) = 3270
A = $3,270.00
The total amount accrued, principal plus interest, from simple interest on a principal of $3,000.00 at a rate of 18% per year for 0.5 years (6 months) is $3,270.00.
