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27 May, 05:17

I = $125 r = 6% t = 1 what is p?

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  1. 27 May, 08:22
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    I = $125, r = 6% = 0.06, t = 1 year

    I = prt

    prt = I

    p = I/rt

    p = 125 / (0.06*1)

    P ≈ $2083.33
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