Respuesta :

The initial amount that Taylor receive initially is $1500.

How to calculate the value?

Based on the information given, the following can be illustrated:

Interest = 1500

Time = 4 years

Rate = 2.5%

Principal = Unknown

Interest = PRT/100

1500 = (P × 4 × 2.5)/100

150000 = 10P

Divide

P = 150000/100

P = 1500

The initial amount is $1500.

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