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3 years ago

Calculate the principal if the maturity value is $4,500 and the simple interest is $350.

Mathematics

1 answer:

suter [353]3 years ago

4 0

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.

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