Ask Question
16 April, 15:13

An investment earns 6% simple interest. What amount of principal is needed to have $3000 after 5 years? Round your answer to the nearest cent.

+3
Answers (1)
  1. 16 April, 18:35
    0
    I = p*r*t

    $3000=p*.06*5=?

    Multiply and you would have yor answer (rounded to nearsest cent) !
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An investment earns 6% simple interest. What amount of principal is needed to have $3000 after 5 years? Round your answer to the nearest ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers