Question

Write an algebraic expression: The principal amount P originally deposited in a bank account plus 0.3% interest.

Answer 1

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Answer 2

Answer:

$1.003P$

Step-by-step explanation:

We are asked to write an algebraic expression for the given word phrase.

The principal amount P originally deposited in a bank account plus 0.3% interest.

The interest would be 0.3% of P.

$\text{Interest}=\frac{0.3}{100}*P=0.003P$

The total amount in the account would be principal plus interest.

$P+0.003P$

$1.003P$

Therefore, our required expression is $1.003P$.