Problem 56075. Simple Interest : Calculate Future Value

• Created by Mehmet OZC

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Theorem : Simple Interest

where;

• F : Future Value
• P : Present Value
• r : Annual simple interest rate (decimal)
• t : Time in years

Calculate F, given P, r and t. Round to nearest cent.

Solve

Solution Stats

85.11% Correct | 14.89% Incorrect

• 47 Solutions
• 35 Solvers

Last Solution submitted on Jan 05, 2025

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