Enter an algebraic expression to model the given context. Give your answer in simplest form. The principal amount P originally deposit

Question

Enter an algebraic expression to model the given context. Give your answer in simplest form.
The principal amount P originally deposited in a bank account plus 0.8% interest
The algebraic expression is

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Thạch Thảo 6 months 2021-08-15T15:55:50+00:00 1 Answers 12 views 0

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    2021-08-15T15:57:33+00:00

    Answer:

    A=P(1.008t)

    Step-by-step explanation:

    Given data

    Principal=P

    Rate= 0.8%

    The expression for the amount in a simple interest is given as

    A=P(1+rt)

    Hence the expression is

    A=P(1+0.008t)

    simplify

    A=P(1.008t)

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