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HACTEHA [7]
3 years ago
11

Use the formula for interest. P= $250 r= 7.2% Y= 15 A= ?

Mathematics
2 answers:
babymother [125]3 years ago
8 0
Can you please give the formula?
V125BC [204]3 years ago
6 0

Answer:

value of A is <u>$520</u>

Step-by-step explanation:

Calculate the amount 'A' by using formula:-

A = P ( 1 + r * Y )

Where A is amount, P is principle , r is rate of interest and Y is time in years

Now, put the given values in  A = P ( 1 + r * Y ) to get the value of A.

Since, P= $250, r= 7.2%  and Y= 15

r = 7.2% so r = 0.072

A = P ( 1 + r * Y )

A = $250 ( 1 +0.072 * 15 )

A = $250 ( 1 + 1.08 )

A = $250 (  2.08 )

A = $520

Hence, value of A is <u>$520</u>

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