Register
An account earned $143.86 in simple interest over 4 years and 3 months. There were no deposits or withdraws on the account. The interest rate is 0.25%. What is the principle for the account?
63.5k views
2 votes
An account earned $143.86 in simple interest over 4 years and 3 months. There were no deposits or withdraws on the account. The interest rate is 0.25%. What is the principle for the account?

User Ilevent
by
9.0k points

1 Answer

4 votes
x(0.25)=143.86
x=143.86/0.25=575.44 (575.44 is the principal amount.
User Dilvan
by
8.8k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!