SOLUTION: If an investment earned 3917.25 in interest and the maturity value is 9140.25, what was the principle amount invested? Use formula p=MV-I

Question 977602: If an investment earned 3917.25 in interest and the maturity value is 9140.25, what was the principle amount invested? Use formula p=MV-I
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

Substitute the given values into the given formula and do the arithmetic. Note, this is not a place to get someone to do your arithmetic for you.

John

My calculator said it, I believe it, that settles it

RELATED QUESTIONS
If an investment earned 1028.40 in interest and the maturity value is 6170.40 what is the (answered by solver91311)

The amount of simple interest earned on an investment over a fixed amount of time is... (answered by rfer)

An investment of $37,000 was deposited in the bank. Interest was computed on a... (answered by mananth)

I am lost on this question. Please help if you can... would be greatly appreciated and... (answered by lwsshak3)

Karl invested his savings in a short-term fund that was offering a simple interest rate... (answered by Alex.33)

an investment adviser invested $14000 in two accounts. one investment earned 8% annual... (answered by checkley71)

an investment advisor invested 12000 into two accounts. one investment earned 7 % annual... (answered by checkley77)

An investment adviser invested $14,000 in two accounts. One investment earned 6% annual... (answered by ikleyn)

Jimmy invest Rm 15,000 in an account for six years. The investment account pays 8%... (answered by addingup,MathTherapy)