document.write( "Question 777433: Using the formula B=P+Prt
\n" ); document.write( "Suppose an account earns 5.5% interest and after two years the balance is $3330. Find the principal that was invested. \r
\n" ); document.write( "\n" ); document.write( "So far I have 3,330= P+P(.55)(2) but I can't figure out what i'm doing wrong and my book isn't helping :/
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Algebra.Com's Answer #474071 by stanbon(75887)\"\" \"About 
You can put this solution on YOUR website!
So far I have 3,330= P+P(.55)(2)
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\n" ); document.write( "3,330 = P(1+1.10)
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\n" ); document.write( "3330 =P(2.1)
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\n" ); document.write( "P = 3330/2.1
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\n" ); document.write( "P = $1585.71
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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