Answer:
present value = $16750
Step-by-step explanation:
The simple interest formula allows us to calculate A, which is the final amount. According to this formula, the amount is given by A = P (1 + r*t), where P is the principal, r is the annual interest rate in decimal form, and t is the loan period expressed in years
simple interest formula:
t: time
P: present value
A: amount
r
: anual interest
A = P (1 + r*t)
P = A / (1 + r*t)
P = 19,513.75 / (1 + 3/100 * 5.5)
P = 19,513.75/ (1 + 0.165)
P = 19,513.75 / 1.165
P = 16750
present value = $16750
Sort{17} which equals 4.123
I belive that the answer should be D) 100 for $10.00 because I had this exact same question one time.
Hope my answer helps!
Thank you for letting me answer!
Thank you,
Florida Mermaid
Answer:
Step-by-step explanation:
6 1/2 - 6 1/2 + 7 3/8 =
0 + 7 3/8 = 7 3/8
