Use the formula P = Poert where Pt is the amount after tyears, Po is the initial amount, ris the rate of interest, and tis the time period, to complete the table. 3.5 5
6
4.2
Rate %
Time (years)
Amount After t Years () Initial Investment ($)
984
800
1,464
1,200
5
4
1,111.50
950
4.5
775
620
3.7
1,066.80
840
8