Asked by Me

Find the principle, given r=3% and t=3/4 years, a=2556.25
Answered by Ms. Sue
What does a represent?
Answered by Damon
PRINCIPAL , not principle (they sound the same but are very different)

Now you do not say but I suppose you are doing continuous compounding for 0.75 years at 3% ????

If so

A = P e^(rt)
here A = 2556.25
r = 0.03
t = 0.75

2556.25 = P e^(.0225)
2556.25 = P * 1.02276
Answered by Anonymous
LCM 26, 6
Answered by Anonymous
44,5
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