emersonmorris emersonmorris

30-10-2020
Mathematics

contestada

If the interest rate is $7.50 and the interest rate is 12% in 3 months what is the principal

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30-10-2020

Answer: $20.83

Step-by-step explanation:

7.50 = P (.12) (3)

7.50 = .36p

___

.36 ____

.36

20.83=p

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