Compute the principal for the loan. Use ordinary interest when time is stated in days. Rate =9% Time= 6months Interest=$675
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Pauline Sheehan
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Find the principal (original) amount if $675 "ordinary" interest accrues after 6 months.
Depending on your definition of "ordinary" interest as being simple interest:
P = ? (the unknown)
rate (`r` ) = 0.09 (or `9/100` ) /
time period (`t` )= 6 months which is 0.5 of...
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