Question

What is A if r = 0.005, t = 300, and P = $2500.00? Use A = P(1 + r)t.

Answer 1

You have defined variables and a formula, just input them in :)

Answer 2

This is what is known as the "Simple Interest" formula.

Where,
A = Account balance
P = Principal amount (initial amount)
r = rate of interest
t = time period

Answer 3

Hmm, I think you were referring to this formula

\[A = (1 + r)^t\]

Lets input for our variables
r = 0.005, t = 300, and P = $2500.00

\[A = 2500(1 + 0.005)^{300}\]

Answer 4

To solve for A, simple input these into a calculator (watch the parentheses)

You should get 11,162.42453

You can round that to $11,162.4