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synergix
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Homework Statement
A certain amount of money saved for 1 year at a certain annual interest rate(simple interest) yielded 19.36$ in interest. if we had added $66 to the principal and reduced the interest rate by 3 percentage point(s), the interest would have been the same, Find the principal and the rate.
Homework Equations
(1)$19.36= PR
(2)$19.36=(P+$66)(R-0.03)
The Attempt at a Solution
I solved (1) for P then substituted that into equation (2)and I got a complex answer so I must have incorrectly formed the equations any help?