1. The future value of a simple interest investment is given by S=P +Prt, where P is the principal invested,...
galgri1. The future value of a simple interest investment is given by S=P +Prt, where P is the principal invested, r is the annual interest rate (as a decimal), and t is the time in years. At what simple interest rate r must P = 1500 dollars be invested so that the future value is $2940 after 8 years.
13 years ago
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