Two years and nine months after investing money, a retired couple received a check amounting to P 30 827.50 in simple interest. Find the amount of money they invest if they are given 5.9% annual rate. P

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
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Business Finance,thank you.

31.
Two years and nine months after investing money, a
retired couple received a check amounting to P 30
827.50 in simple interest. Find the amount of money they
invest if they are given 5.9% annual rate.
Transcribed Image Text:31. Two years and nine months after investing money, a retired couple received a check amounting to P 30 827.50 in simple interest. Find the amount of money they invest if they are given 5.9% annual rate.
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