Answer:
The principal is $4,150.
Step-by-step explanation:
We have to find the principal if the maturity value is $4,500 and the simple interest is $350.
As we know that the formula for calculating the final amount or maturity amount is given by;
Amount = Principal + Interest
Here, Simple interest = $350
Amount or Maturity value = $4,500
So, the Principal = Amount - Interest
Principal = $4,500 - $350
= $4,150
Hence, the principal if the maturity value is $4,500 and the simple interest is $350 is $4150.
