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
1 answer:
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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