SOLUTION: what sum of money invested at 5% will yield $200 in simple interest after 2 years

SOLUTION: what sum of money invested at 5% will yield $200 in simple interest after 2 years

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Question 360930: what sum of money invested at 5% will yield $200 in simple interest after 2 years
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
200=P*0.05*2
P=200/0.1
P=2000
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