Question

Enter an algebraic expression to model the given context. Give your answer in simplest form. The principal amount P originally deposited in a bank account plus 0.5% interest

Answer 1

Given :

A principal amount , P .

An interest of 0.5% .

To Find :

An algebraic expression to model the given context.

Solution :

Total money in given context is :

M = Principal amount + ( 0.5% interest on principal amount )

$M=P+\dfrac{0.5}{100}P\\\\M=P+0.005P\\\\M=1.005P$

Therefore , the required algebraic expression is 1.005P .

Hence , this is the required solution .