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3 years ago

An account earns simple interest. Find the principal.

Mathematics

1 answer:

Alexandra [31]3 years ago

5 0

Answer:

$ 900

Step-by-step explanation:

Simple interest = Principle * Time * Rate / 100

Now by substituting :

27 = Principle * 2 * 1.5 / 100

Principle = 27 * 100 / 2 * 1.5

Principle = 2700 / 3

So Principle = $ 900

Hope it helps

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