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OpenStudy (anonymous):
Using the ordinary interest (360 days) method, calculate the principal in the following problem. If necessary, round your answer to the nearest dollar. Principal: $ Annual Interest Rate: 10.75% Time: 315days Interest:$970
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OpenStudy (ribhu):
970 = P*10.75*315/100/360
OpenStudy (ribhu):
970*360*100/315/10.75 = P
OpenStudy (ribhu):
$10312.29
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