John invested 12 dollars in a bank account , the interest rate 16%

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asked Mar 3, 2019 31.8k views

1 Answer

Daniel Mylian · Answer 1 · 2019-03-07T05:55:39+0000

Formula is I=PRT, where I is interest, P is original amount, R is rate, and T is time.

You’ve given me only R and P. At least three variables need to be defined in order to solve.

John invested 12 dollars in a bank account , the interest rate 16%

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