Answer:
$9051.55
Step-by-step explanation:
Simple Interest = [tex]\[\frac{(Principal * Rate * Time)}{100}\][/tex]
Simple Interest = $995.67
Rate = 11%
Time = 1 year
Substituting the values,
995.67 = [tex]\[\frac{(Principal * 11 * 1)}{100}\][/tex]
[tex]\[=> Principal=\frac{(995.67 * 100)}{11}\][/tex]
[tex]\[=> Principal=\frac{(995.67 * 100)}{11}\][/tex]
[tex]\[=> Principal=$9051.55\][/tex]
