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14 July, 16:47

Use the formula to find the amount, A = P (1+rt), to find the indicated quantity A=$672; P=600; R=12%; T=? T=year (s)

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  1. 14 July, 16:52
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    A=P (1+rt)

    A=672, P=600, R=0.12

    672=600 (1+0.12t)

    1+0.12t=672/600=1.12

    0.12t=0.12

    t=0.12/.12=1

    Answer: T=1 year
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