question 4\n1 pts\n(01.02 lc)\nbrandi earned $78 in interest after one and one half years on an account that…

question 4\n1 pts\n(01.02 lc)\nbrandi earned $78 in interest after one and one half years on an account that paid 7.5% simple interest annually. use the formula i = prt to find brandis principal balance. round to the nearest hundredth.\n$69.33\n$87.75\n$693.33\n$768.00

question 4\n1 pts\n(01.02 lc)\nbrandi earned $78 in interest after one and one half years on an account that paid 7.5% simple interest annually. use the formula i = prt to find brandis principal balance. round to the nearest hundredth.\n$69.33\n$87.75\n$693.33\n$768.00

Answer

Explanation:

Step1: Identify values

$I = 78$, $r=0.075$, $t = 1.5$

Step2: Rearrange the formula

$P=\frac{I}{rt}$

Step3: Substitute values

$P=\frac{78}{0.075\times1.5}=\frac{78}{0.1125}\approx 693.33$

Answer:

$693.33$