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9 June, 07:14

Felicia invested money at an interest rate of 4%. After six months, she had earned $90.00 interest. How much money did Felicia invest?

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  1. 9 June, 07:37
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    The formula is

    I=prt

    I interest earned 90

    P amount invested?

    R interest rate 0.04

    T time 6/12

    Solve the formula for p

    P=I:rt

    P=90: (0.04 * (6:12))

    P=4,500 ... answer
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