The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t. P= $2000, r=8.5%, t= 6 months *** The loan's future value is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The principal P is borrowed at a simple interest rater for a period of time t. Find the loan's future value A, or the total
amount due at time t.
P= $2000, r= 8.5%, t= 6 months
The loan's future value is $.
(Do not round until the final answer. Then round to the nearest cent as needed.)
QLD
a
4
W
Transcribed Image Text:← The principal P is borrowed at a simple interest rater for a period of time t. Find the loan's future value A, or the total amount due at time t. P= $2000, r= 8.5%, t= 6 months The loan's future value is $. (Do not round until the final answer. Then round to the nearest cent as needed.) QLD a 4 W
The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total
amount due at time t.
P= $2000, r=8.5%, t = 6 months
The loan's future value is $
(Do not round until the final answer. Then round to the nearest cent as needed.)
LOC.
a
…..
$
Transcribed Image Text:The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t. P= $2000, r=8.5%, t = 6 months The loan's future value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) LOC. a ….. $
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