SOLUTION: Henry opened a savings account. Four years later, he had earned a total of $240 in simple interest.
If he made no additional deposits, and the annual interest rate was 3%, what
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If he made no additional deposits, and the annual interest rate was 3%, what
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Question 828823: Henry opened a savings account. Four years later, he had earned a total of $240 in simple interest.
If he made no additional deposits, and the annual interest rate was 3%, what was the initial principal? Answer by rfer(16322) (Show Source):
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