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Ivanshal [37]
3 years ago
7

You invest $24,000 at a simple interest rate of 12% for 9 years, and your

Mathematics
1 answer:
FinnZ [79.3K]3 years ago
8 0

Answer:

The principal is $2400

Step-by-step explanation:

Given

P = \$24000

t = 9

r =12\%

I = \$25920

Required

The principal amount

The principal amount is the amount invested.

From the question, we understand that $24000 was invested.

Hence, the principal is $24000

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