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What principal would you need to invest at a rate of 8% to earn $400 in 3 months? Round your answer to the nearest cent. Answer

What principal would you need to invest at a rate of 8% to earn $400 in 3 months? Round your answer to the nearest cent. Answer

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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e ces X Iccc-Sign In X Iccc.instructure.com/courses/14534/modules/items/941446 Hawkes Sing X MAT-090-05> Modules > Hawkes Learning > Hawkes Single Sign On - Save & Exit Certify Lesson: Simple and Compound Interest 61°F Mostly cloudy MInbox (11)- e X Question 1 of 11, Step 1 of 1 Answer « Previous ch04.pptx Ps x ch04.pptx: Ps X What principal would you need to invest at a rate of 8% to earn $400 in 3 months? Round your answer to the nearest cent. ts 0/11 1 Correct Pennsylvania X 2 Inbox X EM
Transcribed Image Text:e ces X Iccc-Sign In X Iccc.instructure.com/courses/14534/modules/items/941446 Hawkes Sing X MAT-090-05> Modules > Hawkes Learning > Hawkes Single Sign On - Save & Exit Certify Lesson: Simple and Compound Interest 61°F Mostly cloudy MInbox (11)- e X Question 1 of 11, Step 1 of 1 Answer « Previous ch04.pptx Ps x ch04.pptx: Ps X What principal would you need to invest at a rate of 8% to earn $400 in 3 months? Round your answer to the nearest cent. ts 0/11 1 Correct Pennsylvania X 2 Inbox X EM
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