In Problems use formula (2) for the amount to find each of the indicated quantities. A =
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In Problems use formula (2) for the amount to find each of the indicated quantities.
A = $14,560; P = $13,000; t = 4 months; r = ?
Formula 2
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A = P + Prt = P(1 + rt)
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The formula you provided is for simple interest which means th...View the full answer
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Related Book For
Finite Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780134862620
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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