a.
Find the interest rate of the amount.
a.
Answer to Problem 89PFA
The rate of interest of the amount is
Explanation of Solution
Given: It is given in the question that the initial investment is
Concept Used:
In this, use the concept of putting the value in the equation and get the answer.
Calculation: Here,
Conclusion:
The rate of interest is
b.
Find the function for P.
b.
Answer to Problem 89PFA
The function is
Explanation of Solution
Given:
It is given in the question that the function is
Concept Used:
In this, use the concept of solving the function and get P.
Calculation: The given function in terms of r is
Conclusion:
The function is
c.
Calculate the initial investment of the value.
c.
Answer to Problem 89PFA
The initial investment will be
Explanation of Solution
Given: It is given in the question that the initial value is
Concept Used:
In this, use the formula of P , i.e.
Calculation: Here, the formula be
Conclusion:
The initial investment will be
Chapter 7 Solutions
Algebra 1, Homework Practice Workbook (MERRILL ALGEBRA 1)
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