Asked by steve
A person invests $500 on June 4, 2015 in an account which earns 7% simple interest. Determine the value of the investment on October 18, 2015.
Answers
Answered by
Ms. Sue
I = PRT
I = 500 * 0.07 * 0.3726
I = ?
Add the interest to the principle.
I = 500 * 0.07 * 0.3726
I = ?
Add the interest to the principle.
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