Evaluate the following expression: P(1 + rt), for P = $1575, r = .055, $t=\frac{168}{365}$
A) $39.87
B) $1614.87
C) $1973.71
D) $16,128
E) $724.96

Question

Quizplus · Accepted Answer

First, calculate the value of rt: r = 0.055 and $t = \frac{168}{365}$. So, $rt = 0.055 \times \frac{168}{365} = 0.025205479$. Then, calculate $1 + rt = 1 + 0.025205479 = 1.025205479$. Finally, multiply this by P: $1575 \times 1.025205479 = 1614.87$.

Evaluate the Following Expression: P(1 + Rt), for P = t=168365t=\frac{168}{365}t=365168​

Evaluate the Following Expression: P(1 + Rt), for P = $t=\frac{168}{365}$