if your rate is 7%, time is 1 1/2 years and your simple interest is $200. what is the principle?

Question

anonymous · Answer

Welcome to OpenStudy. Use the simple interest formula$$I=Prt$$where I is the amount of simple interest, P is the principle, r is the interest rate (expressed as a decimal), and t is the time (in years).

futureboy1 · Answer

$354.00

futureboy1 · Answer

@beannnn2614

anonymous · Answer

@futureboy1 , you are not to provide direct answers to questions. The idea is to help the asker find the answer for themselves.

futureboy1 · Answer

i get it but some times people just want answers but.  if he want to know how to get it this is how i got it www.webmath.com/simpinterest.html