Question
Find the future value an investment of $4720 at 534% simple interest for 9 years.
Answers
Ms. Sue
Is that 5.34% simple interest?
Reiny
I will assume you have a typo and you meant
5.34%
amount = 4720+ 4720(.0534)(9)
= ....
5.34%
amount = 4720+ 4720(.0534)(9)
= ....