Asked by joan
Accumulate 3,200 for 2 years and 6 months at 5 1/2% simple discount.
Answers
Answered by
Henry
P = Po + Po*r*t = $3,200
Po + Po*0.055*2.5 = 3200
Solve for Po, the initial principal or
investment.
Po + Po*0.055*2.5 = 3200
Solve for Po, the initial principal or
investment.
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