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3 years ago

8

An investment earns 11% simple interest. What amount of principal is needed to have $4500 after 6 years? Round your answer to th

e nearest cent.

1 answer:

soldier1979 [14.2K]3 years ago

7 0

Answer:

Step-by-step explanation:

Formula =P×R×T=I

P×11/100×6=4500

66/100p=4500

100/66×66/100=4500×100/66

P=6818.1818.......

=6818.18

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