Respuesta :
19000 × 12 × 4.25 = 969000
969000 ÷ 100 = 9690
So, 19000 - 9690 = 9310 is the principal.
9690 is the interest.
Hope this helped! :)
969000 ÷ 100 = 9690
So, 19000 - 9690 = 9310 is the principal.
9690 is the interest.
Hope this helped! :)
The principal is $9310 and $9690 is the interest.
What did you mean by interest?
Interest is the monetary charge for the privilege of borrowing money, typically expressed as an annual percentage rate (APR). Interest is the amount of money a lender or financial institution receives for lending out money.
Given,
Formula
A = P (1 + rt)
= 19000 × 12 × 4.25 = 969000
= 969000 ÷ 100 = 9690
So, 19000 - 9690 = 9310 is the principal.
= 9690
Learn more about Interest here: https://brainly.com/question/20690803
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