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A newspaper published a study indicating that 45% of the population likes spicy food with a
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Answer:
<h2>Principal is $6441.22 </h2>Step-by-step explanation:
let us assume the investment is compounded over the given period
Given data
Final amount A= $20,000
Rate r= 12%= 0.12
Time t= 10 years
principal=?
The compound interest formula is
Substituting our given data we have
Dividing both side by 3.105 to find P
Principal is $6441.22