Find the principal
T = 1.5 years , R = 2.25% , SI = 69.02
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Step-by-step explanation:
How to calculate simple interest?
Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.
Rate of interest: The interest paid on $ 100 for one year is called the rate per cent per year or rate per cent per annum.
Time: The period of time for which the money is lent or invested.
Interest: Additional money paid by the borrowed to the lender for using the money is called interest.
Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.
Amount: The total money paid back to the lender is called the amount.
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