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26 August, 03:59

Given an interest of $11,900 at 6% for 50 days (ordinary interest) calculate the principal

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  1. 26 August, 05:41
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    I = Prt

    I = (11900) (0.06) (0.14) = 99.96

    50 days needs to be converted to years, so do 50/365 to get 0.14. That's your amount in years.

    So, your interest is $99.96
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