Answer:
£22674.96
Step-by-step explanation:
Find principal by using the formula
I=P⋅i⋅t , where I is interest, P is total principal, i is rate of interest per year, and t is total time in years.
In this example I = $7509.14, i = 5% and t = 6 years
£6800= $7509.14
I=P.i.t
P=I/i.t
P=$7509.14/0.05.6= $25030.47= £22674.96
link to a calculator app that can do it for you:
https://www.mathportal.org/calculators/financial-calculators/simple-interest-calculator.php
