nestorhammon12 nestorhammon12

21-06-2020
Mathematics

contestada

An investment that yielded 6% simple
interest came due at the end of the
year. Dominic received a check for
the total amount (interest plus principal)
of $169.60.
What was his original investment?

Respuesta :

gilbertazavedo72 gilbertazavedo72

30-06-2020

Answer: principal = $160

Step-by-step explanation:

A = p(1+rt)

169.60 = p(1+0.06 x 1)

169.60 = 1.06p

p = 169.60 / 1.06 = 160

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