Literal Equations help!?!?!?!?!?!?!?!?!?!?!?!?!

The simple interest formula  gives the interest earned on an investment of p dollars at interest rate r for a time of t years. How much does Hector need to invest at a rate of 2% in order to earn $25 interest in 3 years?
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1 Answer

25=P(1+.02)^3

25=P(1.02)^3

25=P(1.061208)

P=25/1.061208

P=$23.56
by Level 5 User (11.9k points)

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