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24 February, 15:57

he simple interest formula is I = Prt, where I represents simple interest on an amount, P, for t years at a rate of r. The equation solved for P is P =. What is the amount of money, P, that will generate $40 in interest at a 10% interest rate over 5 years? $60 $80 $90 $100

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  1. 24 February, 16:12
    0
    Answer:$80

    Steps:

    40=P*0.1*5

    P=40 / (0.1*5)

    =$80
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