Problem 56080. Simple Interest : Calculate Present Value

Theorem : Simple Interest
where;
  • F : Future Value
  • P : Present Value
  • r : Annual simple interest rate (decimal)
  • t : Time in years
Calculate P, given F, r and t. Round to nearest cent.
Solve

Solution Stats

82.98% Correct | 17.02% Incorrect
Last Solution submitted on May 09, 2024

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