What is the sum that amounts to $2040 in 6 months at 4%?

Asked by Rugeokin, Last updated: May 04, 2024

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Answered Nov 27, 2017

$2000

P = I X 100/R X T A (amount) =$2040 p = A- I I = 2040 - P I = PRT/100 2040- P = PX4X6/100X12 2040 - p =P/50 2040 = P + p /50 2040 = 51P/50 P= $2000

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What is the sum that amounts to $2040 in 6 months at 4%?

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