The initial amount that Taylor receive initially is $1500.
Based on the information given, the following can be illustrated:
Interest = 1500
Time = 4 years
Rate = 2.5%
Principal = Unknown
Interest = PRT/100
1500 = (P × 4 × 2.5)/100
150000 = 10P
Divide
P = 150000/100
P = 1500
The initial amount is $1500.
Learn more about loan on:
brainly.com/question/26011426
#SPJ1
