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.

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter10: Inequalities

Section10.3: Solving Problems Involving Inequalities

Problem 4P

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Question

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.

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