Brian takes out a simple interest loan. He borrows 820.21 from a bank. His interest is 19.48 for 90 days.

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08-02-2021
Mathematics

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Brian takes out a simple interest loan. He borrows 820.21 from a bank. His interest is 19.48 for 90 days.

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26730577idn 26730577idn · Answer 1 · 2021-02-08T11:39:43-05:00

26730577idn 26730577idn

08-02-2021

Answer:

A = $997.74

Step-by-step explanation:

You need to use the equation [tex]A=P(1+\frac{r}{t})[/tex] for this problem. The value P is your initial value (820.21). Your value r is your interest rate (19.48). Your value t is your amount of time (90). Just plug these values into your calculator (make sure to use parenthesis where you need them), and you'll get 997.74 as your A value (your final value).

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