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OpenStudy (anonymous):
how much principle must be invested to earn $208 in 1 year at an interest rate of 4% show all work please
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OpenStudy (anonymous):
Let p the principle. If the interest rate is 4%, the interest gained in one year is .04 p What equation should you solve to get p?
OpenStudy (anonymous):
I thought you understood it now. What happened?
OpenStudy (anonymous):
remember that you earned $208 so \[ .04 p = 208\\ p=? \]
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