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Sandra Leatherwood invested money received from a game show for 10 months at 9% interest. If she received $1,687.50 interest on her investment during this time, find the amount …

Sandra Leatherwood invested money received from a game show for 10 months at 9% interest. If she received $1,687.50 interest on her investment during this time, find the amount …
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Sandra Leatherwood invested money received from a game show for 10 months at 9% interest.

If she received $1,687.50 interest on her investment during this time, find the amount that she invested.


$18,750

$15,625

$22,500

$13,500

asked
User Jason Williams
by
8.5k points

1 Answer

5 votes
P=i/rt
P=1687.5/(0.09*10/12)
P=22500
answered
User Peter Huber
by
8.3k points
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