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    Finite Mathematics for Business Economics
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    Exam 3: Mathematics of Finance
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    Use the Formula a = P(1 + Rt) to Find
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Use the Formula a = P(1 + Rt) to Find

Question 35

Question 35

Multiple Choice

Use the formula A = P(1 + rt) to find the indicated quantity:
-P = $7996; r = 6%; t = 10 months. Find A.


A) $8475.76
B) $6663.33
C) $8395.80
D) $399.80

Correct Answer:

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