Problem 56080. Simple Interest : Calculate Present Value

• Created by Mehmet OZC

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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.

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Solution Stats

83.02% Correct | 16.98% Incorrect

• 53 Solutions
• 43 Solvers

Last Solution submitted on Dec 20, 2024

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