Max invests some money in a savings bond.
1 answer:
Answer:
£288150
Step-by-step explanation:
We'll use the formula
PRT/100= interest
But in this case we are looking for principal P
Rate= 2%
Interest= £5763
T=1
P= (I*100)/(RT)
P= (5763*100)/(2*1)
P= 288150
The principal is £288150
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