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Interest = $821.25, time = 1 year, rate = 12.42%. Find the principal

Interest = $821.25, time = 1 year, rate = 12.42%. Find the principal
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Interest = $821.25, time = 1 year, rate = 12.42%. Find the principal

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User Ivan Gerken
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7.8k points

1 Answer

13 votes

Explanation:

P = l.100/t.r = $821.25×100/12.42×1 = $6612.318

hope this helps you.

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User JaeJun LEE
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