# Answer to Question #19627 in Algebra for dollydawson

Question #19627

Find the missing value. the rate is 17%, the time is 4 years, the simple interest is $10,268.00, i have to find the principal.

Expert's answer

from the problem we have equation

x*1.7^4 = 10.268

where x is principal

so x=10.268/1.7^4 =

x*1.7^4 = 10.268

where x is principal

so x=10.268/1.7^4 =

**1 229.39**
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