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Mathematics

Answered

How much should you invest at 2.1% simple interest in order to earn $85 interest in 7 months?

Answer :

Clarch19go Clarch19go

Answer:

$6938.78

Step-by-step explanation:

Interest = Principal x Rate x Time (in years)

let 'P' = Principal

85 = P × .021 × [tex]\frac{7}{12}[/tex]

85 = .01225P

85 / .01225 = P

6938.78 = P

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