Help please with my math

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Mikey Hogarth asked Jun 6, 2023

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21 votes

Help please with my math

Mathematics
college

Mikey Hogarth asked Jun 6, 2023

by Mikey Hogarth

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1 Answer

11 votes

A= final amount
P= initial principle balance
r= annual interest rate
t=Time in years

A=
P=12,900
r=2.56/100=0.0256
t=7

Formula is A=P(1+rt)

And substitue those numbers in:

A=12900(1+0.0256*7)
=15211.68

Reuel Ribeiro answered Jun 10, 2023

by Reuel Ribeiro

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