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13 November, 12:10

Mike has a "high-interest" savings account that pays 5.3 percent (a simple interest account). If he earned $655 in interest after six years, how much did he invest into this account?

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  1. 13 November, 15:59
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    P=i/rt

    P=655: (0.053*6)

    P=2,059.75
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