Multiple Choice
Find principal to the nearest dollar, rate to the nearest tenth of a percent, or time to the nearest day. Use banker's interest.
-Universal Gallery earned $400 interest in 90 days from an investment that paid 5.5%. Find the amount initially invested.
A) $14,546
B) $7,273
C) $29,091
D) $29,495
Correct Answer:
Verified
Correct Answer:
Verified
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