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Felicia invested money at an interest rate of 4%. After six months, she had earned $90.00 interest. How much money did Felicia invest?
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Felicia invested money at an interest rate of 4%. After six months, she had earned $90.00 interest. How much money did Felicia invest?

User PaulStock
by
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2 Answers

1 vote

Answer:

the answer is 4500 i got it right

Explanation:

User Gregg Duncan
by
8.6k points
3 votes
The formula is
I=prt
I interest earned 90
P amount invested?
R interest rate 0.04
T time 6/12
Solve the formula for p
P=I÷rt
P=90÷(0.04×(6÷12))
P=4,500 ....answer
User Anton Novik
by
7.8k points
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