SOLUTION: The principle 'P' is borrowed at simple interest rate 'r' for a period of time 't'. Find the future value.
P= $2000
r= 6%
t= 3 years
Algebra.Com
Question 223982: The principle 'P' is borrowed at simple interest rate 'r' for a period of time 't'. Find the future value.
P= $2000
r= 6%
t= 3 years
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=P(1+.06)^3
A=2000(1.06)^3
A=2000*1.191
A=$2382
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