3 years ago

WILL MARK BRAINLYEST ❤️❤️❤️❤️❤️❤️

Mathematics

1 answer:

Valentin [98]3 years ago

6 0

Answer:

$108.19

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 3.6%/100 = 0.036 per year.

Solving our equation:

P = 119.88 / ( 1 + (0.036 × 3)) = 108.19494584838

P = $108.19

The principal investment required to get a total amount, principal plus interest, of $119.88 from simple interest at a rate of 3.6% per year for 3 years is $108.19.

Hope this helps!

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