The amount of the account which is also the principal is = $3,188
The formula for calculating the simple interest (I) of an account is = P × T × R / 100
Making P the subject of formula, P = 100 × I / T×R
Where,
T = 2 years
R = 12%
I = $765. 13
[tex]p = \frac{100 \times 765.13}{2 \times 12} [/tex]
[tex]p = \frac{76513}{24} [/tex]
p = $3,188
Therefore, the amount of the account which is also the principal is = $3,188
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