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snow_tiger [21]
3 years ago
15

Please help !!!!!!!!!

Mathematics
1 answer:
atroni [7]3 years ago
6 0

Answer:

Katherine invested $12,000

Step-by-step explanation:

Use formula

I=P\cdot r\cdot t,

where

I = interest,

P = principal,

r = rate (as decimal),

t = time (in years).

In your case,

t = 1 year,

r = 0.06 (or 6%)

P + I =$12,720, thus

12,720-P=P\cdot 0.06\cdot 1\\ \\12,720-P=0.06P\\ \\12,720=P+0.06P\\ \\1.06P=12,720\\ \\P=\dfrac{12,720}{1.06}\\ \\P=\$12,000\\ \\I=\$12,720-\$12,000=\$720

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