## Prealgebra (7th Edition)

I=PRT Let P=265000 dollars , R=8.25% ,T = 30 years I=265000$\times$8.25% $\times$ 30 Write 8.25% as a decimal I = 265000$\times$0.0825$\times$ 30 Multiply I= 655875 dollars The simple interest is 655,875 dollars. total amount = principal + interest total amount=265000+655875 = 920875dollars Total amount after 30 years will be 920,875 dollars