The principal p is borrowed at 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. Round the answer to the nearest cent, p = $700.00 r = 7% t = 10 months
The principal p is borrowed at 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. Round the answer to the nearest cent, p = $700.00 r = 7% t = 10 months
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 20E
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The principal p is borrowed at 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. Round the answer to the nearest cent,
p = $700.00
r = 7%
t = 10 months
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