SOLUTION: find the principal which amount at simple interest to #600 in 2 years at 5% per annum.

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Question 1011886: find the principal which
amount at simple interest to #600 in 2 years at
5% per annum.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
find the principal which
amount at simple interest to #600 in 2 years at
5% per annum.
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A(t) = P*r*t
----
600 = P*0.05*2
-----
P = 600/(0.1)
P = $6000.00
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Cheers,
Stan H.
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