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rewona [7]
2 years ago
11

Find the principal which will yield simple interest of N55.60 for 1yr 6 months at the rate of 2%

Mathematics
1 answer:
Norma-Jean [14]2 years ago
6 0

There should be a point the line is going through, (1,2).

We have given that,

N55.60 for 1yr 6 months at the rate of 2%

We have to determine the principal which will yield simple interest of N55.60 for 1yr 6 months at the rate of 2%.

<h3>What is the simple interest?</h3>

A = P (1 + rt)

A = final amount

P = initial principal balance

r = annual interest rate

t = time (in years)

x = inches

y = miles

per 1 inch = 2 miles

so on the graph, there should be a point the line is going through, (1,2).

To learn more about the simple interest visit:

brainly.com/question/2294792

#SPJ2

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