3 years ago

I = $125 r = 6% t = 1

Mathematics

1 answer:

Schach [20]3 years ago

7 0

Answer:

$\$ 117.92$

Step-by-step explanation:

Use simple interest formula.

$I = P (1 + rt)$

$125 = P (1 + 0.06(1))$

$125 = P (1.06)$

$125/1.06=P$

$117.924528=P$

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