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After 5 years, hamid's account earned $⁢900 in interest. If the interest rate (in decimal form) is 0.08 , how much did hamid initially invest?

After 5 years, hamid's account earned $⁢900 in interest. If the interest rate (in decimal form) is 0.08 , how much did hamid initially invest?
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After 5 years, hamid's account earned $⁢900 in interest. If the interest rate (in decimal form) is 0.08 , how much did hamid initially invest?

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User Ian Jacobs
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1 Answer

6 votes


p = (i)/(rt)

p = (900)/((.08)(5))

p = (900)/(.4)

p = 2250
answered
User Deta Utama
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