Please help with this question on simple interest!!! Attachment below.

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asked Jun 18, 2018 39.1k views

1 Answer

Yeldar Nurpeissov · Answer 1 · 2018-06-22T19:05:01+0000

The formula is
I=prt
I interest earned 72
P initial investment?
R interest rate 0.03
T time 2 years
Solve the formula for p
P=I÷rt
P=72÷(0.03×2)
P=1,200

Please help with this question on simple interest!!! Attachment below.

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