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Mathematics 11 Online
OpenStudy (anonymous):

how much principle must be invested to earn $208 in 1 year at an interest rate of 4% show all work please

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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