Solve for Principal. (Round your answer to the nearest cent.) Principal Interest rate Time Simple interest...

Question

Question

Solve for Principal. (Round your answer to the nearest cent.) Principal Interest rate Time Simple interest $ 5.50% 3 1 4 years 314years $310

Answer 1

Answer #1

Here I'm using formula for simple interest

I=P×N×R/(100) nad putting given values where p is principal N is a time and R is a rate of interest.Answer is below

Thank you

Simple inter«J a. uh J5 au ne^ai

Answer 2

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