If the principal P=500, the rate r = 61/2, and the time t= 1 year, find the following: (a) What is the amount of interest? (b) What is the future value?
If the principal P=500, the rate r = 61/2, and the time t= 1 year, find the following: (a) What is the amount of interest? (b) What is the future value?
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