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What is the principal for simple interest interest is 3 12.50 rate is 25% for 25 years

What is the principal for simple interest interest is 3 12.50 rate is 25% for 25 years
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What is the principal for simple interest interest is 3 12.50 rate is 25% for 25 years

User Lfurini
by
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1 Answer

6 votes
$312.50 = p x 0.25 x 25
divided by 25
12.50 = p x 0.25
divide by 0.25
50 = principal
Just ask if anything is unclear
User Oskob
by
8.4k points
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