Functions (Math)
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Jason invested $13700 for 2 years and received $1096.00 in interest. At what rate did he invest if the interest was calculated using the simple interest formula? Use the formula
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The formula for a simple interest rate is I = PRT and Total Balance = P + I The formula for compound interest is B = P × (1 + 〖r/n)〗^nt Adam invests £55,000 at interest rate of 4% per annum
asked by Jean on December 19, 2017 
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The formula for simple interest is where I is the amount you will pay in interest, r is the rate at which interest will accrue, P is the principal (amount borrowed), and m is the number of times the interest is applied. To solve
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When interest is compounded once a year, the formula for compound interest is A=P(1+r)t in the formula, A represents the amount of money after t years, p represents the principal, and interest rate written as a decimal. If p=$500
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Zeb is going to deposit $3370 into an account that earns 14% APR compounded annually for 37 weeks. What is the "n" in the compound interest formula? n= What is the "t" in the compound interest formula? Enter as a fraction. years
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The formula I=PRT gives the amount of simple interest I earned by principal P at an annual interest rate R over T years. Solve this formula for P.
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The formula I = PRT where I = Interest, P = principal, R = rate, and T = time is used to calculate the amount of simple interest earned. Solve this formula for T.
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Compound interest word problem. Suppose JJ has $1000 that he invests in an account that pays 3.5% interest compounded quarterly. How much money does JJ have at the end of 5 years? Formula: A= The amount of money earned after a
asked by Mike on August 1, 2017 
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Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each
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Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each
asked by Dan on February 18, 2014