Question 634441: If the principal P =$700, the rate =4 1/2%, and the time t= 1 year, find the following.
A.) what is the amount of interest?
B.) what is the future value? Answer by unlockmath(1614) (Show Source):
You can put this solution on YOUR website! Hello,
Multiply interest times amount.
$31.50 interest for 1 year.
That will be $731.50