The formula P= is used to determine what amount of principal P should be invested for one year at simple interest rate s in order to have D dollars after a year. 1+s Solve the formula for s.
The formula P= is used to determine what amount of principal P should be invested for one year at simple interest rate s in order to have D dollars after a year. 1+s Solve the formula for s.
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 60SE: The formula for the amount A in an investmentaccount with a nominal interest rate r at any timet is...
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