SOLUTION: the amount (A) on deposit in a bank account bearing simple interest is given by the formula
A=P+PRT
find A when P=$1200
R=0.08
T=3
Algebra.Com
Question 405365: the amount (A) on deposit in a bank account bearing simple interest is given by the formula
A=P+PRT
find A when P=$1200
R=0.08
T=3
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
A = P(1+RT) = 1200(1 + 0.24) = 1200*1.24 = 1488 $
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