Posted by **MONICA** on Wednesday, November 23, 2011 at 1:34pm.

If the principal P = $900, the rate r = 7 1/2 %, and time t = 1 year, find the following. What is the amount of interest?

What is the future value?

Ok found I think I found the interest

900x0.075=67.50 is this correct.Now I need help in finding the future value.

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