Question

Will mark brainliest !!

Interest earned: $27
Principal: ?
Interest rate: 1.5%
Time: 2 years

Answer 1

Answer:

Step-by-step explanation:  

1.5% of x + 1.5% of (1.5% of x + x)= 27

^                          ^                  

|                           |                

First year's        Second year's interest

Interest

1.5% = .015

Applying this:            

0.015x + 0.015(0.015x + x) = 27

                                      ^

                                      |

                      Adding On To First Year

0.015x + 0.015225x = 27

0.030225x = 27

x = $893.300248139