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 ->  Equations -> 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      Log On


   

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) About Me  (Show Source):
You can put this solution on YOUR website!
A = P(1+RT) = 1200(1 + 0.24) = 1200*1.24 = 1488 $