Question: Write the formula you would use to determine each amount. a) What principal invested at 5% simple interest per year will earn $100 in interest

Write the formula you would use to determine each amount. a) What principal invested at 5% simple interest per year will earn $100 in interest at the end of 2 years? b) What interest rate will allow $2000 to earn $120 interest in 2 years? c) How much time will you need to invest $1000 at a rate of 1% per year to earn $100 in interest

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