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Principal = ? rate = 3.25 time = 2 years interest = 63.05
how is this done?
inan simple interst is= I= P*r*t Which is Interest= to principle times rate times time 63.05= P*3.25%*2 63.05= P* 0.0325 *2 63.05= P* 0.65 63.05/0.65= P P= $97
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