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3 years ago

13

An account earned $143.86 in simple interest over 4 years and 3 months. There were no deposits or withdraws on the account. The

interest rate is 0.25%. What is the principle for the account?

1 answer:

Citrus2011 [14]3 years ago

3 0

X(0.25)=143.86
x=143.86/0.25=575.44 (575.44 is the principal amount.

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