SOLUTION: The interest obtained after 1 year on an investment at 7(1/2)% simple interest per year; x=number of dollars invested
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Question 1018443: The interest obtained after 1 year on an investment at 7(1/2)% simple interest per year; x=number of dollars invested
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
Interest is found by
I = Prt
Here
I = x(.075)(1) = .075x
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