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Mathematics, 09.07.2021 17:00 jawontestephens
Tahmar knows the formula for simple interest is I = Prt, where I represents the simple interest on an amount of money, P, for t years at r rate. She transforms the equation to isolate P : P = P : P equals Start Fraction I Over r t End Fraction.. Using this formula, what is the amount of money, P, that will generate $20 at a 5% interest rate over 5 years?
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