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…

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…
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

Categories

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
Link Copied!