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The formula I = p r t gives the amount of simple interest (I) earned by investing principle (p) for rate (r) over a period of time (t). Solve this formula for p, and find p if r = 0.035, t = 5 and I = $350.

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  1. 9 July, 05:44
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    P=350: (0.035*5)

    P=2,000
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