Question
$3100 invested on July 19,1991 at 15% interest. What is the value in this account on March 30, 2013?
Answers
Henry
Use Simple Int.
P = Po +Po*r*t
P = 3100 + 3100*0.15*21.6666 = $13,175.00
P = Po +Po*r*t
P = 3100 + 3100*0.15*21.6666 = $13,175.00