Question

Nadal invests $5678 at an annual interest rate of 4.5% for 6 years. For which variable can nadal substitute the value 5678 in the simple interest formula?

Answer 1

Principle= $5,678

Explanation:

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Answer 2

the variable representing the principal amount invested

Explanation:

The name of the variable representing the amount invested will depend on the formula you use. Often, it is given the name P, as in ...

A = P(1 +rt)

5678 can be substituted for P.