Question:

Use the given formula to answer the question. A = P(1 + rt)

Last updated: 8/11/2022

Use the given formula to answer the question. A = P(1 + rt)

Use the given formula to answer the question. A = P(1 + rt) is used to find the principal amount P deposited, earning r% interest, for t years. Use this to find what principal amount P David invested at a 4% rate for 10 yr if A = 14,000.