SOLUTION: If an investment earned 3917.25 in interest and the maturity value is 9140.25, what was the principle amount invested? Use formula p=MV-I
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Question 977602
:
If an investment earned 3917.25 in interest and the maturity value is 9140.25, what was the principle amount invested? Use formula p=MV-I
Answer by
solver91311(24713)
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Substitute the given values into the given formula and do the arithmetic. Note, this is not a place to get someone to do your arithmetic for you.
John
My calculator said it, I believe it, that settles it