What is the principal if... Rate = 22% Time 1 year Interest = $110

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asked Dec 23, 2022 65.7k views

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What is the principal if...
Rate = 22%
Time
1 year
Interest = $110

Mathematics
college

MMontu asked

by MMontu

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1 Answer

5 votes

Answer:

Interest=PTR/100

110 =P×1×22/100

11000=22P

P=500

Boxed answered Dec 28, 2022

by Boxed

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