Answer:
300
Step-by-step explanation:
I = interest earned
P = Principal
R = interest rate
T = Months
plug in all the numbers which would be...
45 = P x 0.03 x 5 *Note that 0.03 is 3% in decimal form
0.03 x 5 = 0.15
45 = P x 0.15
to make the P by itself you have to divide 0.15 to both sides
45/0.15 = 300
P = 300
Answer:
Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one
Step-by-step explanation:
i just did it
Answer:
39V3 Sq.units of that will help you
