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3 September, 06:43

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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  1. 3 September, 10:39
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    X (0.25) = 143.86

    x=143.86/0.25=575.44 (575.44 is the principal amount.
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