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

asked Jun 20, 2022 179k views

5 votes

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

4.1k points

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6 votes

Answer:

P = $500

Explanation:

SI = P×R×T/100

P = (SI × 100)/R×T

P = 110×100/22×1

= $ 500

Michael Pell answered Jun 26, 2022

4.0k points

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