Use the simple interest formula I=Prt and elementary algebra to find the missing quantity in the table below. I P r t ​$496 8​% 4 years Question content area bottom Part 1 I P r t ​$496 ​$enter your response here 8​% 4 years ​(Simplify your​ answer.)

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section: Chapter Questions
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Use the simple interest formula
I=Prt
and elementary algebra to find the missing quantity in the table below.
 
I
P
r
t
​$496
 
8​%
4
years
 
 
 

Question content area bottom

Part 1
I
P
r
t
​$496
​$enter your response here
8​%
4
years
 
​(Simplify your​ answer.)
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