Hey, I am giving Free Points but please give a few of your points to some one else and ask them if they can do the same. Have a
2 answers:
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Answer:
P = $900
Step-by-step explanation:
Simple Interest Formula:
Where A is the final amount,
P = Principal
r = Interest Rate in Percent or per annum
t = time in years
From the information given in the question,
A = $918
r = 2% per annum or
t = 1 year
Lets substitute these values to find P, the principal.
Therefore, P = $900