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20 October, 13:05

Principal = ? rate = 3.25 time = 2 years interest = 63.05

how is this done?

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  1. 20 October, 13:10
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    in an simple interst is = I = P*r*t

    Which is Interest = to principle times rate times time

    63.05 = P*3. 25%*2

    63.05 = P * 0.0325 * 2

    63.05 = P * 0.65

    63.05/0.65 = P

    P = $97
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