OpenStax, Prealgebra 2e §6.4 Solve Simple Interest Applications · Exercise 18 · Algebra · Algebra word problems

Solve Simple Interest Applications · Exercise 18

Solve the problem using the simple interest formula.

Find the principal invested if $\$ \text{10},\text{953}.\text{70} $in t er es tw a se a r n e d in$ 5 $y e a r s a t anin t er es t r a t eo f$ \text{11}.\text{04}\%.$

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OpenStax, Prealgebra 2e · §6.4 Solve Simple Interest Applications · Exercise 18

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