Question

A=$1337.50, P=?, R=4%, T=21 months

find the unknown quantity for an account that earns simple annual interest​

Answer 1

$1250

Explanation:

A = P + Prt

1337.5 = P + P(0.04)(21/12)

1337.5 = 1.07P

P = 1250

Answer: $1250