SOLUTION: The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t.
P=$7000, r=4.0%,
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Question 1202220: The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t.
P=$7000, r=4.0%, t=3 months
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
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D U P L I C A T E
Just solved, answered and explained under this link
https://www.algebra.com/algebra/homework/equations/Equations.faq.question.1202221.html
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To see many other similar (and different) solved problems on simple interest accounts, look into the lesson
- Simple interest percentage problems
in this site.
Learn the subject from there.
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