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Pre-Algebra 9 Online
OpenStudy (anonymous):

The simple interest formula I equals p times r times t gives the interest earned on an investment of p dollars at interest rate r for a time of t years. How much does Hector need to invest at a rate of 2% in order to earn $25 interest in 3 years?

OpenStudy (anonymous):

25=p(.02)(3) 25= p(.06) or 25=.06p divide 25/.06 = 416.67

OpenStudy (anonymous):

Hector needs to invest $416.67 to earn $25 in 3 years

OpenStudy (anonymous):

tnks

OpenStudy (anonymous):

No problem :D:

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