Answer:
$ 4000
Step-by-step explanation:
Given,
Rate ( R ) = 4.75 %
Time ( T ) = 25 years
Simple Interest ( I ) = $ 4,750
Principal ( P ) = ?
Finding the principal
We know that,
[tex] \boxed{ \sf{principal = \frac{interest \: \times 100}{ \: time \: \times \: rate} }}[/tex]
plug the values
⇒[tex] \sf{ \frac{4750 \times 100}{4.75 \times 25} }[/tex]
Calculate
⇒[tex] \sf{\frac{475000}{118.75} }[/tex]
⇒$ [tex] \sf{4000}[/tex]
Hope I helped!
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