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1 April, 07:37

Sandra Leatherwood invested money received from a game show for 10 months at 9% interest.

If she received $1,687.50 interest on her investment during this time, find the amount that she invested.

$18,750

$15,625

$22,500

$13,500

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Answers (1)
  1. 1 April, 08:08
    0
    P=i/rt

    P=1687.5 / (0.09*10/12)

    P=22500
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