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OpenStudy (anonymous):
The formula for the amount with simple interest is A = P(1 + rt). Find t if A = 168, P = 150, and r = 0.08. A. 1.5 B. 2 C. 2.4 D. 3
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OpenStudy (amistre64):
t = (A/P - 1)/r t = (168/150 - 1)/.08
OpenStudy (anonymous):
@gageallen15 this formula is not simple interest!
OpenStudy (anonymous):
I = p * r * t is the right one!
OpenStudy (anonymous):
The other is Compound Interest: A = P ( 1 + r /n ) ^(nt)
OpenStudy (anonymous):
@gageallen15 where are you?
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