The accumulated amount in a savings account is found from the following formula. Solve for t when p = $5,600, r= 2%, and A= $5,936. %3D A=p+ prt, where A= amount at end of period p= principal invested f= rate t= time in years years

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
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The accumulated amount in a savings account
is found from the following formula. Solve for
t when p = $5,600, r= 2%, and A= $5,936.
A=p+prt, where A= amount at end of period
p= principal invested
I= fate
t= time in years
years
Transcribed Image Text:The accumulated amount in a savings account is found from the following formula. Solve for t when p = $5,600, r= 2%, and A= $5,936. A=p+prt, where A= amount at end of period p= principal invested I= fate t= time in years years
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