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Q: If interest paid on an investment is $25.21 for 50 days at an interest rate of 8.25%, what was the original amount invested if the exact interest method is used? (Round to the nearest cent). (Points
: 5) $29.00 $2200.15 $2230.70 $2521.25
A: $2230.70 is the answer. $2230.70 was the original amount invested if the exact interest method is used
migzptz|Points 4354|
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Asked 12/31/2011 4:50:03 PM
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The interest is the amount of money borrowed. (Points : 1) True False
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Expert Answered
Updated 3/30/2016 12:38:42 PM
1 Answer/Comment
The interest is the amount of money borrowed. FALSE.
Added 3/30/2016 12:38:42 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by yumdrea [3/30/2016 12:42:15 PM]
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