Answer :
Answer:
Principal = $975
Step-by-step explanation:
Formula for interest is;
I = PRT/100
Where;
P is principal
R is interest rate
T is time
We are given;
I = $195
R = 4%
T = 5 years
Thus, making P the subject of the formula, we have;
P = 100I/RT
P = (100 * 195)/(4 * 5)
P = $975
Answer:
The principal is $975.
Step-by-step explanation:
As per given question we have provided that :
- ➣ Interest = $195
- ➣ Rate = 4%
- ➣ Time = 5 years
Here's the required formula to find the Principal :
[tex]{\longrightarrow{\pmb{\tt{I= \dfrac{PRT}{100}}}}}[/tex]
- ↝ I = Interest
- ↝ P = Principal
- ↝ R = Rate
- ↝ T = Time
Substituting all the given values in the formula to find the Principal :
[tex]{\implies{\sf{I= \dfrac{PRT}{100}}}}[/tex]
[tex]{\implies{\sf{195= \dfrac{P \times 4 \times 5}{100}}}}[/tex]
[tex]{\implies{\sf{195= \dfrac{P \times 20}{100}}}}[/tex]
[tex]{\implies{\sf{195= \dfrac{20P}{100}}}}[/tex]
[tex]{\implies{\sf{P = 195 \times \dfrac{100}{20}}}}[/tex]
[tex]{\implies{\sf{P = 195 \times \dfrac{\cancel{100}}{\cancel{20}}}}}[/tex]
[tex]{\implies{\sf{P = 195 \times 5}}}[/tex]
[tex]{\implies{\sf{\underline{\underline{P = \$975}}}}}[/tex]
Hence, the principal is $975.
[tex]\rule{300}{2.5}[/tex]