# math

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If the principal P = \$500, the interest I = \$250, and the rate r = 10%, find the following.
(a) What is the time?
1 years

(b) What is the future value?
\$ 2

• math -

I = Po*r*t = \$250.
500*0.1t = 250.
S0lve for t

• math -

b. V = Po + I = 500 + 250 = \$750.

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