Question: After 5 years, Mike's account earned $ 9 0 0 in interest. If the interest rate ( in decimal form ) is 0 . 1

After 5 years, Mike\'s account earned $900 in interest. If the interest rate (in decimal form) is 0.15 , how much did Mike initially invest?

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To calculate the initial investment amount we can use the formula for simple interest Sim... View full answer

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