What does the point (4,60) represent in go math books page 131 about bicyclist traveling
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Just plug in 500 for p, 0.2 for r (because 20% is equivalent to 0.20), and 2 for t:
So, if you start with $500 and charge an interest rate of 20% for 2 years, you will gain $200 to get $700 in total.
So, if you start with $500 and charge an interest rate of 20% for 2 years, you will gain $200 to get $700 in total.