SOLUTION: An investment earned 5000 in intrest when a simple intrest was paid 20% per annum for a 4 year period the amount that was initially was

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Question 1021269: An investment earned 5000 in intrest when a simple intrest was paid 20% per annum for a 4 year period the amount that was initially was
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
An investment earned 5000 in interest when a simple interest was paid 20% per annum for a 4 year period the amount that was invested was?
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A(t) = P + Prt
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A(4) = P + 5000
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Comment:: Are you sure the $5000 was interest?
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Cheers,
Stan H.
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