document.write( "Question 706427: What is the principal amount if it earns $30/month at an interest rate of 2% \n" ); document.write( "
Algebra.Com's Answer #435173 by filboi(35)![]() ![]() ![]() You can put this solution on YOUR website! An interest rate of 2% is equal to 2%/12 per month.\r \n" ); document.write( "\n" ); document.write( "Principal x (0.02)/12 = 30\r \n" ); document.write( "\n" ); document.write( "Principal = $18,000 \n" ); document.write( " |