Answer:
$488778
Explanation:
Answer:
$488778
Explanation:
For a for interest is;
i = PRT/100
Where;
R is rate
P is Principal
T is time
i is interest
We are given;
R = 12.5% = 0.125.
T = 146 days = (146/364) = 0.4011
i = $245
Thus;
245 = (P × 0.125 × 0.4011)/100
Thus;
P = (245 × 100)/(O.125 × 0.401)
P = $488778