If the accumulated amount in an account is $5,000 at the end of 3 years and the simple interest rate is 9% a year, what was the principal? Round answer to the nearest dollar.
If the accumulated amount in an account is $5,000 at the end of 3 years and the simple interest rate is 9% a year, what was the principal? Round answer to the nearest dollar.
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Transcribed Image Text:If the accumulated amount in an account is
$5,000 at the end of 3 years and the simple
interest rate is 9% a year, what was the
principal? Round answer to the nearest dollar.
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