Answer: $72.30
Explanation:
P is the principal amount, $482.00.
r is the interest rate, 5% per year, or in decimal form, 5/100=0.05.
t is the time involved, 3 years
The answer you're looking for is $72.30. To find this answer multiply $482 by 0.05 (five percent). From there you'll get 24.1, then multiply that by 3 (three years), and you'll get $72.30/ Hope that helps! :)
5.6m questions
7.3m answers
