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Author Question: The principal P is borrowed at simple interest rate r for a period of time t. Find the loan's future ... (Read 108 times)

leilurhhh

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Question 1

The principal P is borrowed at simple interest rate r 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.

P = $500, r = 6.25%, t = 7 months
◦ $519.89
◦ $718.75
◦ $523.23
◦ $518.23

Question 2

The principal P is borrowed at simple interest rate r 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.

P = $11,000.00, r = 9%, t = 150 days
◦ $11,406.85
◦ $159,505.00
◦ $11,425.50
◦ $11,412.50


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Marked as best answer by leilurhhh on Feb 2, 2020

flannelavenger

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leilurhhh

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Reply 2 on: Feb 2, 2020
Gracias!


AngeliqueG

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Reply 3 on: Yesterday
Wow, this really help

 

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