Asked by Garnett
If you earned $2,000 interest for 2 years at 7%, how much money did you originally invest?
Thanks.
Thanks.
Answers
Answered by
Ms. Sue
I = prt
2000 = p * 0.07 * 2
Solve for p.
2000 = p * 0.07 * 2
Solve for p.
Answered by
Garnett
1 = prt
2000 = p* 0.07 * 2
2000/2 = p * 0.07 * 2/2
1000 = p * 0.07
1000/0.07 = p * 0.07/0.07
14,285.71 = P
2000 = p* 0.07 * 2
2000/2 = p * 0.07 * 2/2
1000 = p * 0.07
1000/0.07 = p * 0.07/0.07
14,285.71 = P
Answered by
Ms. Sue
Right!
Answered by
Garnett
Thanks greatly, Ms. Sue, for your help tonight. Will be getting back on tomorrow evening. Good night.
Garnett
Garnett
Answered by
Ms. Sue
You're very welcome, Garnett. See you tomorrow.
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