Principal (P) Time (7) Simple Interest (I) Rate -Future Value (r) (F) 2% P2400 P4240 1.) P40,000.00 3 years 2. 50000 5 years 10% P2.500:00 2470 4.5% F103600 3.) P100.000.00 1.5 years P3.600.00 4.) P250,000.00 P15,400.00 9 monthsFaalo,?S F 92861.25 5.) P12.345.00 8.25%

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
icon
Related questions
Question
Please answer number 4
Simple Interest
(I.)
-Future Value
Principal
(P)
Rate
Time
(7)
(7)
(F)
20%
マ2400
3 years
5 years
42400
452500
至103600
1.) P40,000.00
2.F 50000
P2,500:00
10%
3.) P100.000.00
1.5 years
P3.600.00
4.) P250,000.00
5.) P12.345.00
4.5%
P15,400.00
8.25%
9 months FalcclGo2S F928
- Prt
F= PtI
Transcribed Image Text:Simple Interest (I.) -Future Value Principal (P) Rate Time (7) (7) (F) 20% マ2400 3 years 5 years 42400 452500 至103600 1.) P40,000.00 2.F 50000 P2,500:00 10% 3.) P100.000.00 1.5 years P3.600.00 4.) P250,000.00 5.) P12.345.00 4.5% P15,400.00 8.25% 9 months FalcclGo2S F928 - Prt F= PtI
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning