SOLUTION: Find the principal which amounts, at simple interest, to $729 in 4 years at 2% per annum

Question 1112209: Find the principal which amounts, at simple interest, to $729 in 4 years at 2% per annum
Found 2 solutions by niya49, MathTherapy:
Answer by niya49(1) (Show Source): You can put this solution on YOUR website!
Simple Interest = (Principal * Number of years * Rate of interest)/100
From the given information, we can write:

$729 = (Principal * 4 * 2)/100
That is,
$729 * 100 = (Principal * 4 * 2)
Thus,
Principal = ($729 * 100)/(4 * 2)
= $9112.5

Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!
Find the principal which amounts, at simple interest, to $729 in 4 years at 2% per annum

How can a PRINCIPAL amount be over 12 times the future/accumulated value? That's TOTALLY RIDICULOUS.
In other words, it can never, in a million years, be over $9,000, as someone stated.
The correct answer is
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