brittneyhopkins1 brittneyhopkins1

14-12-2017
Mathematics

contestada

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

What is the principle?

Respuesta :

MichaelLiu MichaelLiu

14-12-2017

Assuming simple interest,

45 = P * 0.03 * 2

P = 45 / 0.06 = $750

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