Seven groups with 8 people in each group
9514 1404 393
Answer:
$1904.76
Step-by-step explanation:
The interest formula is ...
I = Prt . . . . interest on principal P at rate r for t years
Solving for P, we find ...
P = I/(rt) = 200/(0.07·1.5) = 200/0.105 ≈ 1904.76
The principal amount was $1904.76.
To find the answer just substitute the values of P and Q into the equation and evaluate following order of operations
5,4!
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