# ALGEBRA

posted by
**Demie**
.

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?

posted by
**Demie**
.

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?