Help please with my math

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asked Apr 7, 2023 90.5k views

1 Answer

WayFarer · Answer 1 · 2023-04-13T10:17:17+0000

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

Help please with my math

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