SOLUTION: Using the formula I=prt, find the principal if you made $200 interest in 2 years at 10%?

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Question 119201: Using the formula I=prt, find the principal if you made $200 interest in 2 years at 10%?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Using the formula I=prt, find the principal if you made $200 interest in 2 years at 10%?
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200 = P*0.10*2
P = 200/0.2
P = $1000
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Cheers,
Stan H.