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OpenStudy (anonymous):
Given interest of $11,900 at 6 percent for 50 days (ordinary interest), one can calculate the principal as
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OpenStudy (amistre64):
ive heard of simple interest; and compound interest; what is "ordinary" interest? I = Prt ; where I = interest, P = principal, r = rate, and t = time P = I/(rt) then if you mean "simple interest" maybe?
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