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Accrued Amount (amount in

the account)
1. P
interest rate (as a decimal)
Principal (amount you start
with)
3.t
Interest earned (in dollars)
5. 1
time (calculated in years)


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Accrued Amount (amount in the account) 1. P interest rate (as a decimal) Principal-example-1

1 Answer

3 votes

Amount - A, Rate - r, Principal - P, Interest - I, Time - t

Step-by-step explanation:

  • Accrued amount (Amount in the account) is represented by the first letter in amount "A".
  • Interest rate (as a decimal) is represented by the first letter in rate "r".
  • Principal (amount you start with) is represented by the first letter in Principal "P".
  • Interest earned (in dollars) is represented by the first letter in interest "I".
  • Time (calculated in years) is represented by the first letter in time "t".
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