Problem 56075. Simple Interest : Calculate Future Value

Created by Mehmet OZC

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<div style = "text-align: start; line-height: 20.44px; min-height: 0px; white-space: normal; color: rgb(0, 0, 0); font-family: Menlo, Monaco, Consolas, monospace; font-style: normal; font-size: 14px; font-weight: 400; text-decoration: none solid rgb(0, 0, 0); white-space: normal; "><div style="block-size: 213.741px; display: block; min-width: 0px; padding-block-start: 0px; padding-top: 0px; perspective-origin: 406.997px 106.87px; transform-origin: 406.997px 106.87px; vertical-align: baseline; "><div style="block-size: 21.0018px; font-family: Helvetica, Arial, sans-serif; line-height: 21px; margin-block-end: 9px; margin-block-start: 2px; margin-bottom: 9px; margin-inline-end: 10px; margin-inline-start: 4px; margin-left: 4px; margin-right: 10px; margin-top: 2px; perspective-origin: 383.996px 10.5009px; text-align: left; transform-origin: 383.996px 10.5009px; white-space: pre-wrap; margin-left: 4px; margin-top: 2px; margin-bottom: 9px; margin-right: 10px; "><span style="block-size: auto; display: inline; margin-block-end: 0px; margin-block-start: 0px; margin-bottom: 0px; margin-inline-end: 0px; margin-inline-start: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; perspective-origin: 0px 0px; transform-origin: 0px 0px; "><span style="">Theorem : Simple Interest</span></span></div><div style="block-size: 21.0018px; font-family: Helvetica, Arial, sans-serif; line-height: 21px; margin-block-end: 9px; margin-block-start: 2px; margin-bottom: 9px; margin-inline-end: 10px; margin-inline-start: 4px; margin-left: 4px; margin-right: 10px; margin-top: 2px; perspective-origin: 383.996px 10.5009px; text-align: left; transform-origin: 383.996px 10.5009px; white-space: pre-wrap; margin-left: 4px; margin-top: 2px; margin-bottom: 9px; margin-right: 10px; "><span style="vertical-align:-5px"><img src="data:image/png;base64,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" width="88" height="18.5" style="width: 88px; height: 18.5px;"></span></div><div style="block-size: 21.0018px; font-family: Helvetica, Arial, sans-serif; line-height: 21px; margin-block-end: 9px; margin-block-start: 2px; margin-bottom: 9px; margin-inline-end: 10px; margin-inline-start: 4px; margin-left: 4px; margin-right: 10px; margin-top: 2px; perspective-origin: 383.996px 10.5009px; text-align: left; transform-origin: 383.996px 10.5009px; white-space: pre-wrap; margin-left: 4px; margin-top: 2px; margin-bottom: 9px; margin-right: 10px; "><span style="block-size: auto; display: inline; margin-block-end: 0px; margin-block-start: 0px; margin-bottom: 0px; margin-inline-end: 0px; margin-inline-start: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; perspective-origin: 0px 0px; transform-origin: 0px 0px; "><span style="">where;</span></span></div><ul style="block-size: 81.7555px; font-family: Helvetica, Arial, sans-serif; list-style-type: square; margin-block-end: 20px; margin-block-start: 10px; margin-bottom: 20px; margin-top: 10px; perspective-origin: 390.993px 40.8778px; transform-origin: 390.998px 40.8778px; margin-top: 10px; margin-bottom: 20px; "><li style="block-size: 20.4389px; display: list-item; margin-block-end: 0px; margin-block-start: 0px; margin-bottom: 0px; margin-inline-start: 56px; margin-left: 56px; margin-top: 0px; perspective-origin: 362.994px 10.2137px; text-align: left; transform-origin: 363px 10.2194px; white-space: pre-wrap; margin-left: 56px; "><span style="block-size: auto; display: inline; margin-inline-start: 0px; margin-left: 0px; perspective-origin: 0px 0px; transform-origin: 0px 0px; "><span style="">F : Future Value</span></span></li><li style="block-size: 20.4389px; display: list-item; margin-block-end: 0px; margin-block-start: 0px; margin-bottom: 0px; margin-inline-start: 56px; margin-left: 56px; margin-top: 0px; perspective-origin: 362.994px 10.2137px; text-align: left; transform-origin: 363px 10.2194px; white-space: pre-wrap; margin-left: 56px; "><span style="block-size: auto; display: inline; margin-inline-start: 0px; margin-left: 0px; perspective-origin: 0px 0px; transform-origin: 0px 0px; "><span style="">P : Present Value</span></span></li><li style="block-size: 20.4389px; display: list-item; margin-block-end: 0px; margin-block-start: 0px; margin-bottom: 0px; margin-inline-start: 56px; margin-left: 56px; margin-top: 0px; perspective-origin: 362.994px 10.2137px; text-align: left; transform-origin: 363px 10.2194px; white-space: pre-wrap; margin-left: 56px; "><span style="block-size: auto; display: inline; margin-inline-start: 0px; margin-left: 0px; perspective-origin: 0px 0px; transform-origin: 0px 0px; "><span style="">r : Annual simple interest rate (decimal)</span></span></li><li style="block-size: 20.4389px; display: list-item; margin-block-end: 0px; margin-block-start: 0px; margin-bottom: 0px; margin-inline-start: 56px; margin-left: 56px; margin-top: 0px; perspective-origin: 362.994px 10.2137px; text-align: left; transform-origin: 363px 10.2194px; white-space: pre-wrap; margin-left: 56px; "><span style="block-size: auto; display: inline; margin-inline-start: 0px; margin-left: 0px; perspective-origin: 0px 0px; transform-origin: 0px 0px; "><span style="">t : Time in years</span></span></li></ul><div style="block-size: 21.0018px; font-family: Helvetica, Arial, sans-serif; line-height: 21px; margin-block-end: 9px; margin-block-start: 2px; margin-bottom: 9px; margin-inline-end: 10px; margin-inline-start: 4px; margin-left: 4px; margin-right: 10px; margin-top: 2px; perspective-origin: 383.996px 10.5009px; text-align: left; transform-origin: 383.996px 10.5009px; white-space: pre-wrap; margin-left: 4px; margin-top: 2px; margin-bottom: 9px; margin-right: 10px; "><span style="block-size: auto; display: inline; margin-block-end: 0px; margin-block-start: 0px; margin-bottom: 0px; margin-inline-end: 0px; margin-inline-start: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; perspective-origin: 0px 0px; transform-origin: 0px 0px; "><span style="">Calculate F, given P, r and t. Round to nearest cent.</span></span></div></div></div>

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Problem 56075. Simple Interest : Calculate Future Value

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