SOLUTION: the future value of a simple interest investment is given by S = P(1+rt). What principal P must be invested for t=5years at the simple interest rate r=10% so that the future value

Algebra ->  Algebra  -> Finance -> SOLUTION: the future value of a simple interest investment is given by S = P(1+rt). What principal P must be invested for t=5years at the simple interest rate r=10% so that the future value      Log On

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 Click here to see ALL problems on Finance Question 343481: the future value of a simple interest investment is given by S = P(1+rt). What principal P must be invested for t=5years at the simple interest rate r=10% so that the future value grows to \$9000?Answer by solver91311(16890)   (Show Source): You can put this solution on YOUR website! Re-arrange your formula to solve for P: Now just plug in your numbers and do the arithmetic. John My calculator said it, I believe it, that settles it