Raoul needs $200 to start a snow cone stand for this hot summer. he borrows the money from a bank that charges 4%
simple interest per year.
b. write a formula for how much he will owe after t years

$200()

Step-by-step explanation:

The amount borrowed will be taken as the Principal, which is denoted with P , the amount he will be owing at the end of t years will be denoted with “ A” and the interest is already given as 4% which is the same as 0.04

Given: P = $200

 r = 0.04

Amount = A

Time = t

Recall the formula for calculating “Amount”

A =  

Where P is the principal , A is the amount, r is the rate and t is the time

Substituting the values given into the formula , we will have

A =  

A =

This means that after t years, Raoul will owe the bank

a

step-by-step explanation:

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