Question

The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A, or the total amount due at time t. Round answer to the nearest cent.

P = $38,000, r = 5.0%, t = 3 years

Answer 1

im doing the exact same problems I=PRT

Answer 2

Thank you!

Answer 3

Ywelcome

Answer 4

so i=38,000(.05)

Answer 5

I don't have to also multiply by 3?

Answer 6

yes

Answer 7

haha sorry, yes I don't or yes I do?

Answer 8

lol yes you do

Answer 9

haha okay thank you!

Answer 10

so is the answer 570,000.00?

Answer 11

your welcome

Answer 12

or 5,700.00?

Answer 13

yes sorry

Answer 14

haha ah, which one again? 570,000.00?

Answer 15

sorry. haha

Answer 16

5700.00

Answer 17

this website is so slow

Answer 18

thank you, kindly, miss! These confuse me!

Answer 19

yeah I know :/ but so helpful!

Answer 20

me to your actually helping me to on how to figure these thngs out

Answer 21

Yay! Same! So thank you!

Answer 22

ur welcome