SOLUTION: When invested at an annual interest rate of 4.7%, an account earned $1,290.33 of simple interest in 3 years. How much money was originally invested? If neccesary, round to the near
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Question 266787: When invested at an annual interest rate of 4.7%, an account earned $1,290.33 of simple interest in 3 years. How much money was originally invested? If neccesary, round to the nearest cent.
Answer by peekaboo0501(13) (Show Source): You can put this solution on YOUR website!
p=?
r=4.7%
i=1290.33
t=3
i=prt
p= i/rt
p=1290.33/.047(3)
p=1290.33/.141
p=9148.9
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