Question

The formula for the future value “V” (in dollars) of an investment earning simple interest is V=p+prt, where p​ (in dollars) is the principal, ”r”​ is the annual interest rate (in decimal form) and “t”​ is the time (in years).

Answer 1

The formula for the future value “V” (in dollars) of an investment earning simple interest is V=p+prt, where p (in dollars) is the principal, ”r” is the annual interest rate (in decimal form) and “t” is the time (in years).