The principal (P)is borrowed at a simple interest rate (R) for a period of time (T). Find the loans future value (A), or the total amount due at the time (T). P= $3000   R=10.0%   T= 9months The loans future value is? $

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 2E
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The principal (P)is borrowed at a simple interest rate (R) for a period of time (T). Find the loans future value (A), or the total amount due at the time (T).

P= $3000   R=10.0%   T= 9months

The loans future value is? $

 

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