Answer:
Step-by-step explanation:
Answer:
P = $ 482.00
Equation:
P = I / rt
Calculation:
First, converting R percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year,
then, solving our equation
P = 72.3 / ( 0.05 × 3 ) = 482
P = $ 482.00
The principal required to
accumulate interest of $ 72.30
on a rate of 5% per year for 3 years is $ 482.00.
hope it helps :)
