Homework Help: intrest rates

Posted by sasha on Sunday, November 11, 2012 at 4:26pm.

If the principal P = $500, the interest I = $100, and the rate r = 10%, find the following.
(a) What is the time?
years

(b) What is the future value?

intrest rates - Ms. Sue, Sunday, November 11, 2012 at 4:45pm
100 = 500 * 0.1 * T

100 = 50T

2 = T

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