A community for students.
Here's the question you clicked on:
 0 viewing
Shannon_r83
 2 years ago
If the principal P = $900, the interest I = $702, and time t = 6 years, find the following.
(a) What is the rate?
45.5 . %
(b) What is the future value?
Shannon_r83
 2 years ago
If the principal P = $900, the interest I = $702, and time t = 6 years, find the following. (a) What is the rate? 45.5 . % (b) What is the future value?

This Question is Closed

Shannon_r83
 2 years ago
Best ResponseYou've already chosen the best response.1the rate is not 45.5 thats a typo

Shannon_r83
 2 years ago
Best ResponseYou've already chosen the best response.1i=prt but my answers keep coming up wrong

sheg
 2 years ago
Best ResponseYou've already chosen the best response.0is it compounding or simple interest

sheg
 2 years ago
Best ResponseYou've already chosen the best response.0ok so it is simple interest

sheg
 2 years ago
Best ResponseYou've already chosen the best response.0\[\large{Interest = Principal\times{rate}\times{time}}\] let us assume rate of interest is r \[\large{$702 = $900\times{r}\times{6}}\] now solve for r

Shannon_r83
 2 years ago
Best ResponseYou've already chosen the best response.1what about the future value

sheg
 2 years ago
Best ResponseYou've already chosen the best response.0Future value means total amount you will be having after 6 years

sheg
 2 years ago
Best ResponseYou've already chosen the best response.0no just \[\large{{Amount}= Principal + Interest Earned}\]

Shannon_r83
 2 years ago
Best ResponseYou've already chosen the best response.1oic lol been studying to long 900 + 702

Shannon_r83
 2 years ago
Best ResponseYou've already chosen the best response.1thanks so much 1702
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.