Matty Kaminsky owns a new Volvo. His June monthly interest was \$400. The rate is 8 ½ percent. Matty's principal balance at the beginning of June is: (Use 360 days)

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2. 👎 0
3. 👁 418
1. Let Matty's principle be \$P

Px 8.2%/12= 400
Then solve for P

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2. 👎 0

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