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Mathematics 12 Online
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

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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