use the formula A=P(1+rt) to find the indicated quantity. allan borrowed $4700 from his father to buy a car. he repaid him after 9 months with interest of 4% per year. find the total amount he repaid.......
A. 141
B. 4888
C. 4825.33
D. 4841

Question

use the formula A=P(1+rt) to find the indicated quantity. allan borrowed $4700 from his father to buy a car. he repaid him after 9 months with interest of 4% per year. find the total amount he repaid.......
A. 141
B. 4888
C. 4825.33
D. 4841

anonymous · Answer

i think its c but not too sure

ivettef365 · Answer

http://ncalculators.com/interest/compound-interest-calculator.htm

ivettef365 · Answer

http://www.calculatorsoup.com/calculators/financial/simple-interest-plus-principal-calculator.php

ivettef365 · Answer

A = 4700(1 + (0.04 × 0.75)) = 4841

uri · Answer

Where did 0.75 come from?

ivettef365 · Answer

because 9 month represents .75 of a year

ivettef365 · Answer

9/12 = .75

uri · Answer

Oh alright and P stands for?

ivettef365 · Answer

P = Principal

anonymous · Answer

thank you everyone!!!!!

uri · Answer

I knew it...And A=Amount...so oh got ya what mistake i did

ivettef365 · Answer

yw :)

anonymous · Answer

can you help me with one more question please its to figure out how many months for sometihng

uri · Answer

One more thing @ivettef365 Where did the r go? r=Rate..you just wrote 0.75 that is t.

ivettef365 · Answer

rate = 4% = 0.04 that is what I multiply by 0.75

ivettef365 · Answer

(1+rt)  which is 1 + (rate x time)

uri · Answer

Got it,sorry to annoy :P

ivettef365 · Answer

not a problem at all :)

anonymous · Answer

Try out simple interest calculator https://www.easycalculation.com/simple-interest.php