Michelleariendaviz
Answered

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

Sagot :

Niezelviz
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