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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?

Mathematics
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the rate is not 45.5 thats a typo
i=prt but my answers keep coming up wrong
is it compounding or simple interest

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Other answers:

ok so it is simple interest
702=900*r*6
\[\large{Interest = Principal\times{rate}\times{time}}\] let us assume rate of interest is r \[\large{$702 = $900\times{r}\times{6}}\] now solve for r
702=5400r
702/5400
0.13
?
yes you are right
what about the future value
Future value means total amount you will be having after 6 years
a=p+i
yes
0.13=900+702
no just \[\large{{Amount}= Principal + Interest Earned}\]
oic lol been studying to long 900 + 702
thanks so much 1702
no it is not correct
add properly

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