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crimeas [40]
3 years ago
9

Dylan invested some money into his bank.

Mathematics
1 answer:
ddd [48]3 years ago
4 0

Answer:

the initial investment is $1,200

Step-by-step explanation:

The computation of the initial investment is shown below:

As we know that

Let us assume the investment be 100

So, the investment increased be 72

So,

Simple interest = Principal × rate of interest × time period

72 = Principal × 3% × 2 years

So, the principal is

= 72 ÷ 3% × 2

= $1,200

hence, the initial investment is $1,200

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