Question

Find the Principal:
$65 interest
2% interest rate
9 months

Answer 1

Answer: P = 36.11111

Explanation:

Formula: P = I / (RT)

65 / (.02*9)

(.02 is the decimal form of 2%)

65 / 1.8 = 36.111111111

P = 36.111111 (Unsimplified answer)

Correct me if it is incorrect.