Answer:
The Principal = $75,000
Step-by-step explanation:
Formula for finding the principal:
I × 100/ R × T
Therefore;
Principal = 45 × 100 / 3/ 100 × 2
[tex] = \: \frac{45 \times 100}{ \frac{3}{100} \times 2} \\ = \frac{4500}{ \frac{3}{50} } \\ = 4500 \times \frac{50}{3} \\ = 1500 \times 50 \\ = 75000.00[/tex]
Which means that the Principal is $75,000.00
