t=150 days, r =12%,i = 1,200. find P and F

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30-09-2014
Math

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t=150 days, r =12%,i = 1,200. find P and F

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Niezelidn Niezelidn · Answer 1 · 2014-10-05T11:08:36+08:00

Niezelidn Niezelidn

05-10-2014

formula: I=Prt
to derive this formula to find the P:
I=Prt = P=I/rt
so, P=I/rt
t=150/360 equavalent the actual time (360).
P=$1200/(.12)(150/360)
P=$2400

to find the F:
F=P+I
F=$24000+$1200
F=$25200

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