KALAYAAA KALAYAAA

16-04-2024
Mathematics

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If the simple interest on an amount is $300 and the rate is 6%, find the principal amount for 2 years

Respuesta :

jsimpson11000 jsimpson11000

16-04-2024

Answer:

Step-by-step explanation:

Interest = principal * decimal interest rate per period * periods

300 = principal * .06 * 2

300 / (.06 * 2) = Principal

principal = $ 2500

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