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Answer:
You are correct
Step-by-step explanation:
Start with 1 1/2. This can be made into an improper fraction which is 3/2
Now multiply both top and bottom of 3/2 by 5
(3*5)/(2 * 5) = 15 / 10
16/10 is just slightly bigger than 15/10
Answer:
The principal is $4,150.
Step-by-step explanation:
We have to find the principal if the maturity value is $4,500 and the simple interest is $350.
<u>As we know that the formula for calculating the final amount or maturity amount is given by;</u>
Amount = Principal + Interest
Here, Simple interest = $350
Amount or Maturity value = $4,500
So, the Principal = Amount - Interest
Principal = $4,500 - $350
= $4,150
Hence, the principal if the maturity value is $4,500 and the simple interest is $350 is $4150.
