HomeworkLib
Question

Use the formula for the amount, A = P(1 + rt), to find the indicated quantity. P = $3,500; r = 10%; t= 1 quarter; A = ? A= $
Determine the present value P you must invest to have the future value A at simple interest rate r after time t. A = $7000.00
The principal Pis borrowed and the loans future value A at time t is given. Determine the loans simple interest rater to th
math   Advanced-Math   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

P=3,500 J= 10% t-I quatter to 30.1 E1 year -0.257077 A= PC127) 3,500 (1+0.1x) =3500(1+ $0 -3500 X 41 TA $3587.5 ·A=$7000.00 JA= PC+f) 2357188 = 230+) H = 235760 STO .25 005 E 5%

0 0
Add a comment
Know the answer?
Add Answer to:
Use the formula for the amount, A = P(1 + rt), to find the indicated quantity....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 27). The principal P is borrowed and the loan's future value A at time t is...

    27). The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r. P = $5000.00, A = $6500.00, t = 4 years % (Round to the nearest tenth of a percent as needed.) The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r. P = $4300.00, A = $4380.63, t = 3 months % (Round...

  • The principal P is borrowed and the​ loan's future value A at time t is given....

    The principal P is borrowed and the​ loan's future value A at time t is given. Determine the​ loan's simple interest rate r to the nearest tenth of a percent. P=1800.00 A=1921.50 t=9 months

  • The principal P is borrowed at simple interest rater for a period of time t. Find...

    The principal P is borrowed at simple interest rater for a period of time t. Find the loan's future value, A, or the total amount due at time t. Round answer to the nearest cent. 37) P = $11,000.00, r = 9%, t = 150 days A) $11,412.50 B) $11,425.50 $11,406.85 D) $159,505.00

  • Question 28 5 pts The principal P = $200 is borrowed at simple interest rater =...

    Question 28 5 pts The principal P = $200 is borrowed at simple interest rater = 7% for a period of time 6 months. Find the loan's future value, A; i.e. find the total amount due after 6 months. $1007.00 $212.00 $284.00 $207.00

  • Question 13 3.33 pts The principal Pis borrowed at simple interest rater for a period of...

    Question 13 3.33 pts The principal Pis borrowed at simple interest rater for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year and round answer to the nearest cent. P - $7900 4.5% 14 months $414.75 $8314.75 $4977.00 $452.45

  • 5. Use the formula 4 = P(1 +rt) to calculate the maturity value of the simple...

    5. Use the formula 4 = P(1 +rt) to calculate the maturity value of the simple interest loan when P= $3400 r6.6% and2 months Answer: 6. Calculate the simple interest rate when P $3600, I= $160 and4months. Round to the nearest hundredth.

  • Recall the following formula that we derived for use in simple discount loans: Maturity Value= Principal/...

    Recall the following formula that we derived for use in simple discount loans: Maturity Value= Principal/ 1- discount rate*time What annual simple discount rate is required for the debt to triple in 120 weeks? Hint: divide both sides of the equation by P and think about the ratio M/P when M is three times as big as P. Round your answer to the nearest tenth of a percent.

  • n1 Use the model A - Pe" or A-P where A is the future value of...

    n1 Use the model A - Pe" or A-P where A is the future value of P dollars invested at interest rater compounded continuously or n times per year for years. Victor puts aside $10,000 in an account with interest compounded continuously at 2.2%. How long will it take for him to earn $2000? Round to the nearest month. It will take approximately years and months for him to earn $2000. where A is the future value of P dollars...

  • Simple interest is given by the formula A=P+PrtA=P+Prt. Where AA is the balance of the account...

    Simple interest is given by the formula A=P+PrtA=P+Prt. Where AA is the balance of the account after tt years, and PP is the starting principal invested at an annual percentage rate of rr, expressed as a decimal. Keegan is investing money into a savings account that pays 4% simple interest, and plans to leave it there for 20 years. Determine what Keegan needs to deposit now in order to have a balance of $50,000 in his savings account after 20...

  • Simple Interest USE A 360 DAY YEAR Calculate the simple interest amount and the future value...

    Simple Interest USE A 360 DAY YEAR Calculate the simple interest amount and the future value using the simple interest formula.                                                                                  365 day year Principal Interest Rate Time Simple Interest Amount Future Value $ 18,000 4.5% 18 months $ 21,000 5% 1.75 Years $ 18,000 7.25% 9 months $ 1,000 8% 93 days $ 585 9% 193 days $ 1,200 12% 187 days 1) Leslie Hart borrowed $15,000 to pay for her child’s education. Leslie must repay the loan...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT