Statement A capital produces 126 €126\ \text{€}126 € of simple interest in 777 months at 9%9\%9% per year. What is the capital? Solution From I=C⋅r⋅tI = C\cdot r\cdot tI=C⋅r⋅t we get C=Ir tC = \dfrac{I}{r\,t}C=rtI, with t=712t = \dfrac{7}{12}t=127. C=1260.09⋅712=1260.0525=2400 €.C = \frac{126}{0{.}09\cdot \frac{7}{12}} = \frac{126}{0{.}0525} = \boxed{2400\ \text{€}}.C=0.09⋅127126=0.0525126=2400 €.