A company earned 22 000 interest on the money that was invested in a bank account 10 years ago.If the bank account has a simple interest rate of 8.8% pa, how much did the company invest?The company invested .

Solución

Solución

Principal : 25000

Pasos de solución

Translate the problem into an equation:

22000 = P \cdot 0.088 \cdot 10

Resolver para

P, 22000 = P \cdot 0.088 \cdot 10 : P = 25000

Principal : 25000

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