Answer:
What
Step-by-step explanation:
What language
Is that
A is your answer
YOU JUST FOLLOW THE STEP
Answer:n=-t+m
You have to invest $6,250
very simple applying the simple interest formula which is
Given data
A, final amount = $10,000
P, initial principal balance= ?
r, annual interest rate = 7.5%
t, time (in years)= 8 years
we can substitute our given data to find the principal needed.
Divide both sides by 1.6 we have
P= $6,250