Use estimation to select the best response in Problems 5-14. Do not calculate. If (I=P r t)

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Use estimation to select the best response in Problems 5-14. Do not calculate.

If $I=P r t$ and $I=\$ 398.90, r=1.05 \%$, and $t=1$ year, estimate $P$.

A. $\$ 400$

B. $\$ 40$

C. $\$ 40,000$

D. $\$ 4,000$

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Nature Of Mathematics

ISBN: 9781133947257

13th Edition

Authors: Karl J. Smith

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Question Posted: Jan 27, 2024 12:06 PM

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Use estimation to select the best response in Problems 5-14. Do not calculate. If (I=P r t)

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The formula for calculating interest is I P r t We need to roughly estimate P given that ...View the full answer

Nature Of Mathematics

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