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3 years ago

14

After 5 years, Marcel's account earned $900 in interest. If the interest rate (in decimal form) is 0.06, how much did Marcel ini

tially invest?

1 answer:

Natasha2012 [34]3 years ago

5 0

Answer:

$3000

Step-by-step explanation:

I= PRT÷100

where,

I = interest = 900

T= 5

R/100 = 0.06

P = ?

I= PRT/100

900= P × 5 × 0.06

P = 900÷ 0.3

P= 3000

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