To find the principal of money borrowed when the rate is given 9.25 % at simple interest, the loan is made for 3. 5 years, and has $904,88 interest, I have tried to work this problem by using this formula P= I /RT. I convert rate to decimal and years to decimal (0.0925) (0.035). I got = 0.003275.

P =$ 904.88/0.003275 or (904.88 divided.0032759=$2763.The result is not an answer I think is correct . Where did I go wrong? Help! Help! Now.