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Mazyrski [523]
4 years ago
7

Principal = ? rate = 3.25 time = 2 years interest = 63.05 how is this done?

Mathematics
1 answer:
Anna007 [38]4 years ago
6 0
<span>in</span> <span>an</span> simple <span>interst</span> is= I= P*r*t
Which is Interest= to principle times rate times time
63.05= P*3<span>.</span>25%*2
63.05= P* 0.0325 *2
63.05= P* 0.65
63.05/0.65= P
P= $97

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