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slamgirl [31]
2 years ago
12

Interest = $45.58, time = 1 year, rate = 2.25%. Find the principal. Round to the nearest hundredth place

Mathematics
1 answer:
Murrr4er [49]2 years ago
8 0

Answer:

<em>$2,025.78 </em>

Step-by-step explanation:

I = Prt ⇒ P = \frac{I}{rt}

2.25% = 0.0225

P = 45.58 ÷ ( 0.0225 × 1 ) ≈ <em>$2,025.78</em>

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