Asked by Demie

If the principal P = $700, the rate r = 6 1

2 %, and time t = 1 year, find the following.
(a) What is the amount of interest?
$

(b) What is the future value?
Answered by Ms. Sue
I = PRT

I = 700 * 0.65 * 1

I = 45.50

45.50 + 700 = ?

Answered by Renee
if the p= $500, the rate r=6 1/2 %and time t=1year
what is the amount of interest?
what is the future value?
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