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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?

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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