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Simple Interest Maine Gov Form

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Instructions and help about Simple Interest Maine gov

welcome to my secret math tutor i'm going to show you how you can compute the future amount for simple interest in order to do that we're going to use this formula right here now to read all the variables in here the a is the future amount of the investment p is the principal basically the starting amount then we have our rate and the time in years so let's look at the example and see where all of the pieces go so i want to know what is the future amount of investing twenty five hundred dollars at eight percent interest for six years okay so what i want to know is what is the future amount when i invested twenty five hundred dollars at eight percent remember to write that as a decimal and i'm going to do it for six years okay now as you go to multiply this together it's probably best to take care of the part inside parentheses first this will give you 2500 multiplied by 1.48 all right then multiply those two together this says that the future amo

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