The principal P is borrowed at simple interest rate r for a

The principal P is borrowed at simple interest rate r for a period of time t. Find the loan\'s future value, A, or the total amount due at time t. Round answer to the nearest cent. P = $160, r = 7%, t = 3 years $171.20 $1033.60 $181.00 $193.60 P = $500, r = 6.25%, t = 7 months $718.75 $523.23 $518.23 $519.89 The principal P is borrowed and the loan\'s future value, A, at time t is given. Determine the loan\'s simple interest rate, r, to the nearest tenth of a percent. P = $140, A = $190.40, t = 4 years 18% 5.5% 9.4% 9% Determine the present value, P, you must invest to have the future value, A, at simple interest rate r after time t Roar answer to the nearest dollar. A = $204.80, r = 7%, t = 4 years $164.70 $164 $160 $167 The principal represents an amount of money deposited in a savings account subject to compound interest at the giver, rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year), and how much interest was earned. A = P(1 + r/n)^nt P = A/(1 + r/n)^nt A =Pe^rt Y = (1 + r/n)^n - 1 ______ Principal: $8000 Rate: 4% Compounded: semiannually

Solution

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Given
Principle	=	160	$
Rate Of Interest (I)	=	7	%
Time Period (T)	=	3	years
Formula
Simple Interest	=	P X R X T / 100
	=	33.6
Amount	=	P + Simple Interest
	=	193.6
	=	Option D