3 years ago

What principal amount would yield an interest of $36 in 3 years at 3%? P=

Mathematics

1 answer:

luda_lava [24]3 years ago

4 0

Answer: Let principle sum be x

Time = 3 years

Rate = 3% per annul

SI = $36

SI = \frac{P*R*T}{100}

36 = \frac{x*3*3}{100}

x = 36* \frac{100}{9}

x = 400

So the sum that would yield interest of $36 is $400

Step-by-step explanation:

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