Answer:
£510
Step-by-step explanation:
Simple interest = (principal × rate × time) / 100
Principal = £1700
Rate = 10%
Time = 3 years
Simple interest = (principal × rate × time) / 100
= (1700 × 10 × 3) / 100
= 51,000/100
= 510
Simple interest = £510
To the left or the right bro?
10/9 can be rewritten as 1 1/9, so it's closest to 1. 2/15 is really small, so close to 0.
Answer:
The principal is $4,150.
Step-by-step explanation:
We have to find the principal if the maturity value is $4,500 and the simple interest is $350.
<u>As we know that the formula for calculating the final amount or maturity amount is given by;</u>
Amount = Principal + Interest
Here, Simple interest = $350
Amount or Maturity value = $4,500
So, the Principal = Amount - Interest
Principal = $4,500 - $350
= $4,150
Hence, the principal if the maturity value is $4,500 and the simple interest is $350 is $4150.
