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%
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%
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...
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