If the principal P = S500, the rate r = 8 1/2 % and time t = 1 year, find the following. What is the amount of interest? $ What is the future value? $
Show transcribed image text If the principal P = S500, the rate r = 8 1/2 % and time t = 1 year, find the following. What is the amount of interest? $ What is the future value? $