What sum would yield an interest of 36$ in 3 years at 3%p.a.

1 answer:

7 0

Amount of Interest = $36
Rate of interest = 3% per annum
Total time period for which the money was invested = 3 years
Let us assume the Principal amount = x
Then
Interest = Principal * Rate of Interest * time
36 = x * 3% * 3
36 = 9x/100
36 * 100 = 9x
3600 = 9x
x = 3600/9
= 400
So the initial sum of the money that was invested was $400.

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A home owner has a monthly budget of $400 to spend on their homes landscaping. If they spent 35% of their budget this month on l

IrinaVladis [17]

Answer:

$140

Step-by-step explanation:

If the Monthly Budget for Landscaping=$400

and the Percentage of Landscaping Budget Spent this Month=35%

The Amount Spent on Landscaping=35% of Total Landscaping Budget

=35 percent of $400

Recall that percentage is always over 100, therefore 35%=35/100

= $\frac{35}{100}X400$