Question

What amount of principal invested at 6% for 2 years that generate $22 in interest?

Answer 1

Answer:

$183.3

Step-by-step explanation:

PRT/100 = I

Making P s.o.f

P = 100I/RT

R = 6%

T = 2 years

I = $22

P = 100×22/6×2

= 2200/12

= $183.33

Therefore the principal invested is $183.33

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