Chapter 3: Q. 368 (page 406)
In 12 years, a bond that paid 6.35% interest earned $7,620 interest. What was the principal of the bond?
Short Answer
The principal amount is $9527.5.
Chapter 3: Q. 368 (page 406)
In 12 years, a bond that paid 6.35% interest earned $7,620 interest. What was the principal of the bond?
The principal amount is $9527.5.
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