SOLUTION: What is the principal amount if the amount of interest at the end of 2 ½ year is 4,500.00 for a simple interest of 6% per annum?

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Question 1184490: What is the principal amount if the amount of interest at the end of 2 ½ year is 4,500.00 for a simple interest of 6% per annum?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
I=prt
4500=p*0.06*2.5=0.15p
p=4500/0.15=$30000.