Answer:
$361.45
Step-by-step explanation:
Given that:
Interest rate (r) = 1.25% = 0.0125
Final amount (A) = 375
time (t) = 3 years
Using the relation :
A = p(1 + rt)
P = principal, initial amount deposited
375 = p(1 + 0.0125(3))
375 = p(1 + 0.0375)
375 = p(1.0375)
375 = 1.0375p
375 / 1.0375 = p
361.44578
