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Sergio039 [100]
3 years ago
14

How much will you need to invest at 2.5% to have earned $900 in interest in 5 years

Mathematics
2 answers:
Mamont248 [21]3 years ago
8 0

Answer:

7200 is the principal

needed

Evgen [1.6K]3 years ago
4 0

Answer:

we need $7200 to earn $900 in 5 years.

Step-by-step explanation:

Simple Interest formula: \frac{PRT}{100} .......where p is principal, r is rate of interest, t is time

Using the formula:

\frac{p*2.5*5}{100} =900

{p*2.5*5} =900*100

12.5p =90000

p = 90000/12.5

p=7200

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