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2 years ago

Solve for the missing item in the following. (Do not round intermediate calculations. Round your answer to the nearest cent.)

Mathematics

1 answer:

iogann1982 [59]2 years ago

7 0

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.

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Answer:

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Step-by-step explanation:

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Answer:

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