need help with word problems

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Using the ordinary interest (360 days) method, calculate the principal in the following problem. if necessary, round your answer to the nearest dollar. Annual interest rate 9.3% time 225days Interest $940   Principal?

Oct 16th, 2017

Thank you for the opportunity to help you with your question!

P*9.3%*225/360 = 940

P = 940/0.03*360/225 

=50133

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 22nd, 2015

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