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An account earned $143.86 in simple interest over 4 years and 3 months. There were no deposits or withdraws on the account. The interest rate is 0.25%. What is the principle for…

An account earned $143.86 in simple interest over 4 years and 3 months. There were no deposits or withdraws on the account. The interest rate is 0.25%. What is the principle for…
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An account earned $143.86 in simple interest over 4 years and 3 months. There were no deposits or withdraws on the account. The interest rate is 0.25%. What is the principle for the account?

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User Ilevent
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1 Answer

4 votes
x(0.25)=143.86
x=143.86/0.25=575.44 (575.44 is the principal amount.
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User Dilvan
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