Amir7322 Amir7322

24-09-2018
Mathematics

contestada

After 5 years, hamid's account earned $⁢900 in interest. If the interest rate (in decimal form) is 0.08 , how much did hamid initially invest?

Respuesta :

Dancer5363 Dancer5363

24-09-2018

[tex]p = \frac{i}{rt} [/tex]
[tex]p = \frac{900}{(.08)(5)} [/tex]
[tex]p = \frac{900}{.4} [/tex]
[tex]p = 2250[/tex]

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