Homework Help: Math

Posted by Julie on Monday, April 23, 2012 at 1:18pm.

If the principal P = $900, the rate r = 5 1/2 %, and time t = 1 year, find the following.
What is the amount of interest?
What is the future value?

Math - Damon, Monday, April 23, 2012 at 1:24pm
900 *.055 = 49.50

900 * 1.055 = 949.50

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