Frank has earned 387 in interest over the past 36 months in his account if the bank has an interest rate of 1% how much was the principle Ty :>

asked Jul 18, 2021 142k views

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Frank has earned 387 in interest over the past 36 months in his account if the bank has an interest rate of 1% how much was the principle

Ty :>

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1 vote

Answer:

the answer is 12,900

Explanation:

P0 = $300 the principal

r = 0.03 3% rate

I = $300(0.03) = 12,900

Tim Pigden answered Jul 23, 2021

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