3 years ago

Find Principal when Time = 5 years, Interest - $ 500; Rate = 5%

Mathematics

1 answer:

Leno4ka [110]3 years ago

4 0

Answer:

P = $2,000

Step-by-step explanation:

Interest = Principal x Rate x Time

500 = P(.05)(5)

500 = .25P

P = 500/.25

P = 2000

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