You said that P = I · R · T
Divide each side by I · R : P / (I·R) = T
Here you go, hope I helped.
Answer:
Step-by-step explanation:
Refer to file. Trying something different. Should be easier to read than text format and is easier than mathML.
Answer:
P = $2448.89
P ~= $2,449
He need to deposit $2,449
Step-by-step explanation:
Given:
Interest rate r= 7% = 0.07
Number of years n = 3 years
Future value that should be meet A = $3000
We need to calculate the initial investment (Principal P). Using the compound interest formula:
A = P(1+r)^n
P = A/(1+r)^n
Substituting the values of A, r, n, we have;
P = 3000/(1+0.07)^3
P = $2448.89
P ~= $2,449
78 i think bc its the only possible way fo get 10 to equal 88 when adding
