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alexandr1967 [171]
2 years ago
13

In 6 years, a bond that paid 5.5% earned $594 interest. What was the principal of the bond?

Mathematics
1 answer:
Ilia_Sergeevich [38]2 years ago
5 0

Answer:

Principal = $1800

Step-by-step explanation:

594 =  \frac{p \times 5.5 \times 6}{100}

\frac{594 \times 100}{5.5 \times 6}

59400/33 = p

1800 = p

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