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 Help please with my math
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4 votes
4 votes
 Help please with my math

 Help please with my math-example-1
User Torbins
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1 Answer

3 votes
3 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
User WayFarer
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