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Mathematics 17 Online
OpenStudy (anonymous):

what is the principal if the simple interest is $250, the annual interest rate is 5% and the time is 3 years? Round to the nearest cent.

OpenStudy (anonymous):

I=Prt

OpenStudy (anonymous):

\[P= \frac{I}{rt} = \frac{250}{0.05 \times 3}\]

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