Find principal to the nearest dollar, rate to the nearest tenth of a percent, or time to the nearest day. Use banker's interest.
-Universal Gallery earned $400 interest in 90 days from an investment that paid 5.5%. Find the amount initially invested.
A)$14,546
B)$7,273
C)$29,091
D)$29,495

Question

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The Answer of Find principal to the nearest dollar, rate to the nearest tenth of a percent, or time to the nearest day. Use banker's interest.
-Universal Gallery earned $400 interest in 90 days from an investment that paid 5.5%. Find the amount initially invested.
A)$14,546
B)$7,273
C)$29,091
D)$29,495

Find Principal to the Nearest Dollar, Rate to the Nearest