3 years ago

The solution to an equation is 21. Select the statement that is true for the solution shown.

Mathematics

1 answer:

bagirrra123 [75]3 years ago

3 0

I would think it a hop this helped you out!!!!!!!!!

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Answer:

$Amount = \$1920$

Step-by-step explanation:

Given

$Interest =\$320$

$Rate = 5\%$

$Years = 4$

Required

Determine the invested amount

First, we need to determine the Principal

This is calculated as:

$Interest = Principal * Rate * Time$

Solve for Principal

$Principal = \frac{Interest}{Rate * Time}$

$Principal = \frac{\$320}{0.05 * 4}$

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