07-05-2015
Mathematics

Answered

Principal = ? rate = 3.25 time = 2 years interest = 63.05

how is this done?

Verified Answer :

Nekoneko Nekoneko

07-05-2015

in an simple interst is= I= Prt
Which is Interest= to principle times rate times time
63.05= P3.25%2
63.05= P 0.0325 2
63.05= P* 0.65
63.05/0.65= P
P= $97

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