3 years ago

An amount of #550,000.00 was realised when a principal,x was saved 2% simple interest for 5 years. Find the value of x

Mathematics

1 answer:

Zarrin [17]3 years ago

5 0

Answer:

x = 250,000

Step-by-step explanation:

A = P(1 + rt)

550,000 = x (1 +2% x 60)

550,000/(1 +2% x 60) = 250,000

x = 250,000

<u>Check your answer</u>

A = 250,000 (1+2%x60)

A = 550,000

pls mark brainliest

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An amount of #550,000.00 was realised when a principal,x was saved 2% simple interest for 5 years. Find the value of x​

An amount of #550,000.00 was realised when a principal,x was saved 2% simple interest for 5 years. Find the value of x