Find the missing value. I= $95.00 P = ? r = 5% t = 4 years

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asked Feb 18, 2018 67.7k views

2 Answers

Nandan Bhat · Answer 1 · 2018-02-22T18:28:24+0000

$475 is the principal amount. You would multiply 5% by 4 (0.05 x 4) and receive 0.2p, the p represents the principal amount. That would give you the equation 95=02.p. You would divide both sides by 0.2, giving you $475 as the principal amount.

Find the missing value. I= $95.00 P = ? r = 5% t = 4 years

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