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saveliy_v [14]
2 years ago
7

I invested in a savings bond for two years and paid simple interest at an annual rate of 6%. The total interest I earned was $48

0. How much did I invest?
Mathematics
1 answer:
Nina [5.8K]2 years ago
3 0

Answer:

4,000

Step-by-step explanation:

I= P*R*T/ 100

480= P*6*2/100

48000= 12P

Divide.

P= 4000

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Helppppppppppppppppp
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Answer:

[text] x = p(m - n) [/tex]

Or

[text] x = pm - pn [/tex]

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Given:

[text] m = n + \frac{x}{p} [/tex]

Required:

Make x the subject of the formula

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What we are required to do is to rewrite the equation so that x will be alone on one side while the other variables will be on the other side.

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Subtract n from each side

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[text] m - n = \frac{x}{p} [/tex]

Multiply both sides by p

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