Chapter 2: Q. 155 (page 131)
In 10 years, a bank account that paid 5.25% simple interest earned $18,375 interest. What was the principal of the account?
Short Answer
Principal amount is $35000.
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Chapter 2: Q. 155 (page 131)
In 10 years, a bank account that paid 5.25% simple interest earned $18,375 interest. What was the principal of the account?
Principal amount is $35000.
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