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4 years ago

5

enrique earned $101.40 in interest over 6 years in a savings account that pays 1.3 % simple interest per year. how much did Enri

que originally deposit?

1 answer:

victus00 [196]4 years ago

7 0

Simple interest, I = 101.40
Time, t = 6 years
interest, i = 1.3%

Interest, I=Pit, rearrange
Principal, P=I/(it)=101.40/(6*0.013)=1300

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