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You put 230 dollars in an account. The annual interest is 12% in 3 years. What is the principal you put into this account? PLEASE GIVE A FULL EXPLANATION!! I NEED HELPP

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ANSWER:

$230

The principal you placed into the account is $230.

Step-by-step explanation:

The principal you placed into the account is $230. This as the original amount which was placed into the account is $230 as stated at the beginning of the problem. The principal is the original amount which is placed into the account, therefore the answer must be $230.
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