Find the principal amount :
interest rate = 4%
interest earned = $ 90
time = 10 years
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Answered by
4
Answer:
$225
Step-by-step explanation:
Principal = x
Rate = 4%
Time = 10 years
Simple interest = $90
Formula of Simple interest = PRT/100
$90 = x*4*10/100
$90 = x * 4/10
$90 = x * 2/5
(90 * 5)/2 = x
450/2 = x
$225 = x
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