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30 June, 15:35

An investment that yielded 6% simple

interest came due at the end of the

year. Dominic received a check for

the total amount (interest plus principal)

of $169.60.

What was his original investment?

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Answers (1)
  1. 30 June, 16:01
    0
    Answer: principal = $160

    Step-by-step explanation:

    A = p (1+rt)

    169.60 = p (1+0.06 x 1)

    169.60 = 1.06p

    p = 169.60 / 1.06 = 160
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