gm4arch gm4arch

26-02-2021
Mathematics

contestada

Jonah earned $150.36 in
interest on an account that
earns 1.4% simple interest. If
Jonah opened the account 12
years ago, what was the
principal amount?

Respuesta :

26-02-2021

Answer:

Principal amount was $895

Step-by-step explanation:

I=PRT

P= I/(RT)

P= 150.36/( 1.4% x 12)

P= 150.36/ (21/125)

P= 895

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