Math

If you earned $2,000 interest for 2 years at 7%, how much money did you originally invest?

Thanks.

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  1. I = prt

    2000 = p * 0.07 * 2

    Solve for p.

  2. 1 = prt

    2000 = p* 0.07 * 2

    2000/2 = p * 0.07 * 2/2

    1000 = p * 0.07

    1000/0.07 = p * 0.07/0.07

    14,285.71 = P

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  3. Right!

  4. Thanks greatly, Ms. Sue, for your help tonight. Will be getting back on tomorrow evening. Good night.

    Garnett

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  5. You're very welcome, Garnett. See you tomorrow.

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