Solution-Future value of a simple interested investment

Future value of a simple interested investment

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Reference no: EM131227912

The future value of a simple interested investment is given by S=P(1+rt), where P is the principal invested at a simple interest rate r for t years. What principal P must be invested for t=10 months at the simple interest rate r=5% so that the future value grows to $2500.

Reference no: EM131227912

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Future value of a simple interested investment

Reference no: EM131227912

Reference no: EM131227912

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