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23 March, 12:49

An investment earns 6% simple interest. What amount of principal is needed to have $3000 after 5 years? Round your answer to the nearest cent.

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  1. 23 March, 14:30
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    I = p*r*t

    $3000=p*.06*5=?

    Multiply and you would have yor answer (rounded to nearsest cent) !
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