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OpenStudy (anonymous):
after 10 years marcel's account earned $1500 in interest. if the interest ( in decimal form) is 0.03, how much did marcel initially invest?
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hero (hero):
I = PRT 1500 = P(.03)(10) 1500 = .3P 1500/.3 = P 5000 = P
Directrix (directrix):
Is the interest compounded yearly? Continuously?
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