I=$452 R=3.1% T=2 years Find p

We need to use the formula for simple interest:

I = P * R * T

where I is the interest, P is the principal (or amount of money borrowed/invested), R is the annual interest rate as a decimal, and T is the time in years.

We know I and R, and we are given T, so we can solve for P:

I = P * R * T

452 = P * 0.031 * 2

452 = 0.062P

P = 452 / 0.062

P = 7,290.32

Therefore, the principal ( or amount of money borrowed/invested) is $7,290.32.