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21-03-2022
Mathematics

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Rebecca Wright earned $115 in simple interest for 8 months at an annual interest rate of 5%. How much money did she invest?

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austinmuchera austinmuchera

22-03-2022

Answer:

The answer is 3450

Step-by-step explanation:

I=Prt

P=??

I=115

r=5%

t=8 months which is two thirds of a year

115=P×5%×2/3

115=1/30P

P=3450

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