Math Problem Statement

Substitute the given values in the formula A = P to find the missing quantity.

  1. P = 750,000, r = 18% per year, t = 8 years
  2. A = 1,740,000, r = 7% per year, t = 5 years
  3. A = 675,000, P = 425,000, r = 4% per year

Solution

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Math Problem Analysis

Mathematical Concepts

Compound Interest
Algebra
Logarithms

Formulas

A = P(1 + r)^t
t = log(A/P) / log(1 + r)

Theorems

Exponential Growth Theorem

Suitable Grade Level

Grades 9-12