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I= $200 p= ? r= 5.5% t= 4 years
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5 votes
I= $200
p= ?
r= 5.5%
t= 4 years

User Anthony Raymond
by
7.3k points

1 Answer

4 votes

Explanation:

I = $200

T = 4

R = 5.5 = 5½ = 11/2

I = PRT/100

200 = (4 x 11 x P)/(100 x 2)

200 = 22P/100

22P = 20000

P= 20000/22

P= $909.09

I= $200 p= ? r= 5.5% t= 4 years-example-1
User Zeb Rawnsley
by
7.7k points
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