math

posted by .

interest is 67.50 and rate is 3%, and time is 3 years. What is the principal?

• math -

if simple interest ....

P = 67.5/(.03(3)) = 750

Similar Questions

1. math

the total amount of interest on this loan of \$6000 for 150 days is \$210.50. what is the rate of interest on this loan?
2. math,algebra

Is this correct Business and finance. The simples interest I on a principle of P dollars at interest rate r for time t, in years, is given by I= Prt. Find the simple interest on a principal of \$6000 at 3% for 2 years. Simple Interest …
3. math

how long will it take to earn \$787.50 on \$5000 at 5 1/4%(percent) what is the rate it is compounded?
4. Math!!

Sally deposited \$3600 and the annual rate of interest is 6.5%. What is the interest amount for a 30-month period?
5. math !!!! :O

Principal: \$1,610 Interest rate: _______________ Time: 4 years Simple interest: \$450.80 fill in the blank
6. Math

Find the interest if \$ 9,000 is invested at an annual simple interest rate of 8 % for 3 years. Use the formula I = P × R × T , where I is the interest earnings, P is the principal, R is the annual rate and T is the time, expressed …
7. math

Compute the rate for the following loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days. Do not enter the percent symbol in your answer. Principal Rate (%) Time Interest \$5,000 % …
8. Math.

For question 1-4 for the interest. All rates are annual interest rates. 1) principal, \$400 rate, 5% time, 1 year. a. \$10 b. \$20 c. \$40 d. \$200 2) principal, \$1,000 rate, 8.5% time, 3 years a. \$255 b. \$170 c. \$22.5 d. \$17 3) principal, …
9. Math

For a given interest rate, simple interest varies jointly as the principal and time. If \$3000 left in an account for 6 years earned interest of \$1260, then how much interest would be earned in 7 years?
10. math

Does anyone know how to find the rate with ONLY principal and time?

More Similar Questions