smm7172000 smm7172000

27-09-2018
Mathematics

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Find the value of t in the table I=$75 P=$500 r= 5%

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sqdancefan sqdancefan

07-10-2018

We assume the applicable formula is ...

... I = Prt

Dividing by Pr solves this for t:

... I/(Pr) = t

... $75/($500·0.05) = t = 3

The value of t is 3.

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