Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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Transcribed Image Text:sanmi
(0.00)
12
Convert 6% to 0.06.
$150 = 0.04p
8
Multiply 0.06 and
12
p = $3,750
Divide both sides by 0.04.
Martin Ellis invested $3,750.
oncept Check
etermine the interest and the amount for the indicated time. (From Exar
1. Principal: $4,000 at 6% for a) 4 years, b) 4 months, and c) 4 days.
10 years, b) 10 months, and c) 10 days.
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