3. If a sum of money amounts to $ 6200 in 2 years and $ 7400 in 3 years under simple interest, then find the principal.

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
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3. If a sum of money amounts to $ 6200 in 2 years and $ 7400 in 3 years
under simple interest, then find the principal.
Transcribed Image Text:3. If a sum of money amounts to $ 6200 in 2 years and $ 7400 in 3 years under simple interest, then find the principal.
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