1 = $567, A = $2300, P = ?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
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ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Can I have help with number 1C please step-by-step.
Interest Review Questions
Use the simple interest formula, I = Prt to find the unknown value.
a) 1= ?, P = $700, r = 10%, t = 5 years
b) I= $40, P = $900, A = ?
c)
1.
1= $567, A = $2300, P = ?
d) = $37.92, P = ?,r = 5.2%, t = 7 months
2.
Calculate the rate per compounding period, i, for each of the following.
a)
9% per annum, compounded quarterly
b)
6% per annum, compounded monthly
4.3% per annum compounded semi-annually
Calculate the total number of compounding periods, n, for each of the
following.
a)
3.
compounded semi-annually for 7 years
b)
compounded monthly for 5 years
compounded weekly for 3 years
c)
Use the compound interest formula, A = P(1 + i)", to find the unknown
value.
A = ?, P = $1300, i = 0.06, n 20
4.
a)
b)
A = $8000, P = ?, i =
0.05
,n = 24
Use the formula, A = P + I, to determine the amount of interest earned if
the principal is $1900 and the amount is $2350.
5.
acer
Transcribed Image Text:Interest Review Questions Use the simple interest formula, I = Prt to find the unknown value. a) 1= ?, P = $700, r = 10%, t = 5 years b) I= $40, P = $900, A = ? c) 1. 1= $567, A = $2300, P = ? d) = $37.92, P = ?,r = 5.2%, t = 7 months 2. Calculate the rate per compounding period, i, for each of the following. a) 9% per annum, compounded quarterly b) 6% per annum, compounded monthly 4.3% per annum compounded semi-annually Calculate the total number of compounding periods, n, for each of the following. a) 3. compounded semi-annually for 7 years b) compounded monthly for 5 years compounded weekly for 3 years c) Use the compound interest formula, A = P(1 + i)", to find the unknown value. A = ?, P = $1300, i = 0.06, n 20 4. a) b) A = $8000, P = ?, i = 0.05 ,n = 24 Use the formula, A = P + I, to determine the amount of interest earned if the principal is $1900 and the amount is $2350. 5. acer
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