reesegoodman11 reesegoodman11

09-10-2021
Mathematics

contestada

In 6 years, a bond that paid 5.5% earned $594 interest. What was the principal of the
bond?

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himaruanuk himaruanuk

09-10-2021

Answer:

Principal = $1800

Step-by-step explanation:

[tex]594 = \frac{p \times 5.5 \times 6}{100} [/tex]

[tex] \frac{594 \times 100}{5.5 \times 6} [/tex]

59400/33 = p

1800 = p

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