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What does the A represent in the compound interest formula?
subtract the principle
$87798.90
$192
$831.10
$4287.50
$1200
The total amount of money after a certain amount of time
$689546.99
Julie borrowed $3,500 for 3 years at 7½% simple interest rate. How much is Julie's total?
subtract the principle
$87798.90
$192
$831.10
$4287.50
$1200
The total amount of money after a certain amount of time
$689546.99
When using the compound interest formula, how do you find the interest?
subtract the principle
$87798.90
$192
$831.10
$4287.50
$1200
The total amount of money after a certain amount of time
$689546.99
Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 years?
subtract the principle
$87798.90
$192
$831.10
$4287.50
$1200
The total amount of money after a certain amount of time
$689546.99
Your 6 year investment of $40,000 at 14% interest compounded annually is worth how much now?
subtract the principle
$87798.90
$192
$831.10
$4287.50
$1200
The total amount of money after a certain amount of time
$689546.99
The Arnold's took out a loan for $195,000 to purchase a home. At 4.3% interest rate compounded annually, how much will they have paid after 30 years?
subtract the principle
$87798.90
$192
$831.10
$4287.50
$1200
The total amount of money after a certain amount of time
$689546.99
Jerry borrowed $4000 for 5 years at 6% simple interest rate. How much interest is that?
subtract the principle
$87798.90
$192
$831.10
$4287.50
$1200
The total amount of money after a certain amount of time
$689546.99
Simple Interest: Emilia borrows $1200 from a bank with an 8% interest rate for 2 years. What is the amount of interest she will have to pay?
subtract the principle
$87798.90
$192
$831.10
$4287.50
$1200
The total amount of money after a certain amount of time
$689546.99
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