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Answer to Question #19627 in Algebra for dollydawson
Question #19627
Find the missing value. the rate is 17%, the time is 4 years, the simple interest is $10,268.00, i have to find the principal.
Expert's answer
from the problem we have equation
x*1.7^4 = 10.268
where x is principal
so x=10.268/1.7^4 = 1 229.39
x*1.7^4 = 10.268
where x is principal
so x=10.268/1.7^4 = 1 229.39
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