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bagirrra123 [75]
3 years ago
12

Interest earned:$45 Principal: ? Interest rate: 3% Time: 2 years

Mathematics
1 answer:
Yakvenalex [24]3 years ago
8 0

Answer:

The Principal = $75,000

Step-by-step explanation:

Formula for finding the principal:

I × 100/ R × T

Therefore;

Principal = 45 × 100 / 3/ 100 × 2

=  \:  \frac{45 \times 100}{ \frac{3}{100}  \times 2}  \\  =  \frac{4500}{ \frac{3}{50} } \\  = 4500 \times  \frac{50}{3}  \\  = 1500 \times 50 \\  = 75000.00

Which means that the Principal is $75,000.00

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