A baseball team has 1,000 and 400 to buy baseball uniforms each uniform cuz once you the $24 does the team have enough money to buy a 11 baseball uniform drop off the drop off the menu the how much is the total cost

The formula for computing the amount of simple interest is:

I = Prt

Where P = principal amount of the loan

             r = interest rate of the loan

             t = duration of the loan

Substituting the amounts in the formula,

I = (150,000) (6.5%) (3)

  = 29,250

To compute for the maturity value, you have to add the interest to the principal amount:

Maturity value = 150,000 + 29,250 = 179,250