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4326 = p + ptr/100 where p is original investment, t is time (1) and r is rate per cent (5)
4326 = p + 5p/100
432600 = 105p
p = 432600/105 = 4120

is that divided by 100, shouldn't you add a 12 there for the amount of months he invested

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โˆ™ 2009-11-29 17:30:04
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Q: Kevin invested money in a savings acct at a rate of 5 percent simple interest After one year he has 4326.00 in the acct How much did Kevin originally invest?
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