brittneyhopkins1 brittneyhopkins1
  • 14-12-2017
  • Mathematics
contestada

Interest earned: $45
Principle: ?
Interest rate: 3%
Time: 2 years

What is the principle?

Respuesta :

MichaelLiu
MichaelLiu MichaelLiu
  • 14-12-2017
Assuming simple interest,

45 = P * 0.03 * 2

P = 45 / 0.06 = $750
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