Posted by
**Demie** on
.

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?

Monday

March 27, 2017
Posted by
**Demie** on
.

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?

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