if you earned a 12.50 in simple interest over 6 months in a account with 5% simple interest rate, how much principle did you ini

Question

Ann [662]

2 years ago

13

if you earned a 12.50 in simple interest over 6 months in a account with 5% simple interest rate, how much principle did you ini

tially invest

Mathematics

1 answer:

RoseWind [281] · Answer 1 · 2022-06-28T23:01:21+03:00

RoseWind [281]2 years ago

8 0

Answer:

Simple interest is money you can earn by initially investing some money (the principal). A percentage (the interest) of the principal is added to the principal, ...

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