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ALGEBRA

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If the principal P = $700, the rate r = 6 1

2 %, and time t = 1 year, find the following.
(a) What is the amount of interest?
$

(b) What is the future value?

  • ALGEBRA - ,

    I = PRT

    I = 700 * 0.65 * 1

    I = 45.50

    45.50 + 700 = ?

  • ALGEBRA - ,

    if the p= $500, the rate r=6 1/2 %and time t=1year
    what is the amount of interest?
    what is the future value?

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