Answer:
The capital is $ 309365.
Step-by-step explanation:
What is the capital that I need, if I want to obtain a profit of $ 9745 in 5 months applying a rate of 6.3?
Let the capital is P.
Simple interest, I =$ 9745
Rate, R = 6.3 %
Time, T = 5 months
Use the formula of the simple interest.
[tex]9745=\frac{P\times 6.3\times 5}{1200}\\\\P = 309365[/tex]
