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An investment earned $11.25 interest after 9 months. The rate was 5% . what was the principal help me please;)

An investment earned $11.25 interest after 9 months. The rate was 5% . what was the principal help me please;)
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An investment earned $11.25 interest after 9 months. The rate was 5% . what was the principal

help me please;)

User Sergey Demyanov
by
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1 Answer

9 votes
11.25=0.05*9x/12
300=x


Step by step explanation This is how I got the answer to your question and I gave you the solution I hope this helps you out
User Combinatorial
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