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Brad wants to open a new savings account. He finds one that returns 3% on his investment each year.
Assign a variable to each of the following pieces of information:
*final balance
*initial investment
*return rate

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sqdancefan

Answer:

  • final balance: A
  • initial investment: P
  • return rate: r

Step-by-step explanation:

The variable assigments can be anything you like. It is often helpful to use variables that will remind you what they stand for. Here, we have chosen A = amount (final balance); P = principal (initial investment); r = rate.

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