Question 200554
a) A = P+Prt can be expressed as:
A = P(1+rt)
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b) If P (Principal) = $8,300.00, r (Rate) = 15% (0.15), and t (Time) = 3 years, and r (Rate) = 15% (0.15), then:
A = $8,300(1+0.15(3))
A = $8,300(1.45)
A = $12,035