Asked by beverly

How much should you invest at 3% simple interest in order to earn $95 interest in 8 months?
Answered by Ms. Sue
I = PRT

95 = P * 0.03 * 0.66667

95 = 0.002P

47,500 = P
Answered by ginoi
How much should you invest at 3.7% simple interest in order to earn $95 interest in 3 months?
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