Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.3 Simple Interest - Concept and Vocabulary Check: 2

Answer

$A=P(1+rt)$

Work Step by Step

RECALL: The formula for future value, $A$, of an investment involving simple interest is given as: $A=P(1+rt)$ where P= principal amount r = interest rate t = time Thus, the missing expression in the given statement is: $A=P(1+rt)$
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