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OpenStudy (anonymous):
If a man earns $420 interest in one year at 7%, what was the amount of money invested? $29.40 $60.00 $600.00 $6,000.00 D???
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OpenStudy (anonymous):
How it compounds, do you know?
OpenStudy (anonymous):
i=r*t*p.......i think interset rate time principal
OpenStudy (anonymous):
$6000.00
OpenStudy (anonymous):
thanks
OpenStudy (anonymous):
I used "Pert" formula: \[P e^{rt}\]
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