Answer:
Required amount is $1239.669
Step-by-step explanation: Let P be the required amount. Given that
P + SI = 1500 .... (i)
We know that simple interest
[tex]SI=\frac{PRT}{100}[/tex].
Given R = 10.5, T = 2. So,
[tex]SI=\frac{P\times 10.5\times 2}{100}=\frac{21P}{100}[/tex]
Put in equation (i) we get
[tex]P+\frac{21P}{100}=1500[/tex]
[tex]\frac{121P}{100}=1500[/tex]
[tex]P=\frac{1500\times 100}{121}=\$1239.669[/tex]
