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OpenStudy (anonymous):
Finley Lemure earned $200 in simple interest in 6 months at an APR of 4%. How much money did she invest?
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OpenStudy (anonymous):
50$ i believe.
OpenStudy (agent0smith):
A = Prt P= ? A = 200 r = 0.04 t = 0.5 (half a year) Plug them in and try to find P, the investment
OpenStudy (anonymous):
Okay. 200=P 0.04(0.5) 0.04*0.5=0.02 200/0.02=10000 @agent0smith
OpenStudy (anonymous):
correct
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