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what is this???o

 Jun 1, 2021
 #1
avatar+121056 
+2

A  =  amt owed

P = amt borrowed

r = interest rate as  a decimal  =  .10

n  =  number of compoundings  per year =  1

t =  number of years

 

So

 

A = 1000  ( 1 + .10  /1)^(1 * t)       simplify

 

A  = 1000  ( 1.10) ^t

 

The  amt owed depends  upon  t   ( the number of years borrowed....this isn't specified in  the problem)

 

 

cool cool cool

 Jun 1, 2021

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