Asked by ppp
Suppose that a sum of money at simple interest becomes $840 in 1
year and $960 in 4 years. What is the principal?
year and $960 in 4 years. What is the principal?
Answers
Answered by
DrBob222
960-840 - 120 interest in 3 years. That's $40/yr
So if you had 840 at the end of the first year you must have started with _______?
So if you had 840 at the end of the first year you must have started with _______?
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