newbuggirl13 newbuggirl13

25-12-2021
Mathematics

contestada

Interest = $45.58, time = 1 year, rate = 2.25%. Find the principal. Round to the nearest hundredth place

Respuesta :

xenia168 xenia168

25-12-2021

Answer:

$2,025.78

Step-by-step explanation:

I = Prt ⇒ P = [tex]\frac{I}{rt}[/tex]

2.25% = 0.0225

P = 45.58 ÷ ( 0.0225 × 1 ) ≈ $2,025.78

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