Answer: $6250
Explanation:
Given; Interest = $750 Rate = 6 Time = 2 principal =?
let principal = x
Simple Interest = P × R × T / 100
where p = principal R = rate
T = time
We now go ahead and substitute
Simple Interest = P × R × T / 100
$750 = X × 6 × 2 /100
$750 = 12x / 100
cross multiply
12x = $750 × 100
12x = $75000
Divide bothside by 12
12x/12 = $75000/ 12
x = $6250
Therefore you will need to put $6250