Question 1079868: Please help me solve the following:
Use simple interest to find the ending balance, given the following values for principal, rate, and time. $32,500 at 10.5% for 2 years
Found 2 solutions by FrankM, MathTherapy:
Answer by FrankM(1040)   (Show Source):
Answer by MathTherapy(10555)  (Show Source):
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Please help me solve the following:
Use simple interest to find the ending balance, given the following values for principal, rate, and time. $32,500 at 10.5% for 2 years
Use the formula: A = P(1 + TR) to find the ending balance (A).
You should get: A = 32,500(1 + 2 * .105), or: 
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