mistymooredoywsw5 mistymooredoywsw5

04-11-2017
Mathematics

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which of the following is the simple interest paid on a loan of $354 at 6% for six months

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nina1814 nina1814

04-11-2017

You deposit some money into a bank account paying 6% simple interest per 6 months. You received $354 in interest after 6 months. How much the deposit (principal) was?
Result
The principal was $5900.

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