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Help me find the total amount. Can you please tell me how to do also :) Principal Rate Time Total amount $500 6% 2 Years X
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Just multiply them all together: 500(.06)(2) = ?
I = PRT Interest = Principal Rate Time
Okay, so if you multiply all of that out, you will get 60, which is only the Interest
To find the total amount you have to add the interest to the principal, which is 60 + 500 to get $560
I'm just trying to make sure that what I said makes sense. That's all.
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