Answer:
$7843137.255
Step-by-step explanation:
1,000,000 is the interest
3% is the rate ( well have to change it to a decimal )
4 years and 3 months is time (we'll have to add the 3 months to the 4 years which is : 1/4 so 1/4 + 4 = 4.25 (the months is the decimal added to the years)
I=PxRxT
1,000,000=P(.03)(4.25)
1,000,000=P .1275
1,000,000/.1275=P .1275/.1275 ( the two numbers cancel each other out )
so your left with : 1,000,000/.1275 = P
which the answer is 7,843,137.255 = P
please let me know if you got it right, i tried my best :)
