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Mathematics 11 Online
OpenStudy (anonymous):

Determine the present value P you must invest to have the future value A at simple interest rate r after time t. Round to the nearest cent. A = $15,000, r = 11.0%, t = 2 years

OpenStudy (therealmeeeee):

use the simple interest formula

OpenStudy (therealmeeeee):

12295.04 a= p+prt

OpenStudy (therealmeeeee):

the answer is 1.22p=15000

OpenStudy (therealmeeeee):

do u get is now???????????

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