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The formula A=p(1+r), where p-principal (amount you started with) and r= interest rate as a decimal, gives the amount of money, A, you will have after 1 year of investing. Find the amount if you started with $22,500 and earned 8% interest.

The formula A=p(1+r), where p-principal (amount you started with) and r= interest rate as a decimal, gives the amount of money, A, you will have after 1 year of investing. Find the amount if you started with $22,500 and earned 8% interest.

Elementary Algebra
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.40TI: Susana invested a principal of $36,000 in her bank account with interest rate 6.5%. How much...
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The formula A=p(1+r), where p=principal (amount you started with) and r= interest rate as a decimal, gives the amount of money, A, you will have after 1 year of investing. Find the amount if you started with $22,500 and earned 8% interest.
Transcribed Image Text:The formula A=p(1+r), where p=principal (amount you started with) and r= interest rate as a decimal, gives the amount of money, A, you will have after 1 year of investing. Find the amount if you started with $22,500 and earned 8% interest.
estion 13 1 points Save Ans The formula A=p(1+r), where p-principal (amount you started with) and r= interest rate as a decimal, gives the amount of money, A, you will have after 1 year of investing. Find the amount if you started with $22,500 and earned 8% interest. A Moving to another question will save this response. Question 13 of 30> MacBook Pro Q & ( 2 9 Q W S Z command X # 3 E D C $ 4 R F % 5 V T G 6 B Y V N 7 H U N 8 J I M K O O V P ^ 13 of 30 1 command L opt
Transcribed Image Text:estion 13 1 points Save Ans The formula A=p(1+r), where p-principal (amount you started with) and r= interest rate as a decimal, gives the amount of money, A, you will have after 1 year of investing. Find the amount if you started with $22,500 and earned 8% interest. A Moving to another question will save this response. Question 13 of 30> MacBook Pro Q & ( 2 9 Q W S Z command X # 3 E D C $ 4 R F % 5 V T G 6 B Y V N 7 H U N 8 J I M K O O V P ^ 13 of 30 1 command L opt
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