P = original investment
Interest for a year = .04P
Total at the end of the year = P + .04P = 1.04P = 15600
P = 15600/1.04 = 15000
Lexi Q.
asked • 10/06/18How much did she originally invest?
Katerina Lubov inherited some money and invested it at 4
%
simple interest. At the end of the year, the total amount of her original principal and the interest was $15 comma 600
.
How much did she originally invest?
%
simple interest. At the end of the year, the total amount of her original principal and the interest was $15 comma 600
.
How much did she originally invest?
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