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

Please help with this question on simple interest!!! Attachment below.
39.1k views
4 votes
Please help with this question on simple interest!!! Attachment below.

Please help with this question on simple interest!!! Attachment below.-example-1
User Kibar
by
8.9k points

1 Answer

5 votes
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
User Yeldar Nurpeissov
by
8.3k points
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