Question: The equation, A = P(1 + 0.037t), represents the amount of money earned on a savings account with 3.7% annual simple interest. If the amount

The equation, A = P(1 + 0.037t), represents the amount of money earned on a savings account with 3.7% annual simple interest. If the amount after 5 years is equal to $1,422, what is the amount of the principal investment? $1,200 $1,422 $274.25 $294.86

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