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Mumz [18]
2 years ago
6

What is the principal which would amount to $6900 in 3 years at 5% simple interest per annum?​

Mathematics
1 answer:
balu736 [363]2 years ago
8 0

Answer:

$6000

Step-by-step explanation:

accumulated amount = A = PI

A = $6900

Let P = x

6900 - I = x

I = (x)(0.05)(3yrs) = 0.15x

6900 - 0.15x = x

Add

6900 = 1.15x

Divide, solve for x

x = 6000

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Step-by-step explanation:

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To solve this question, we first need to realize that this is a simple number line. A number line is just a line that contains multiple points from the left being negative, middle is zero, and right becoming increasingly positive.

In this case, D is zero, and A-C are deemed negative. E-F are positive.

For a, we need to find a point that is bigger than another point.

We have various answers for this. F is bigger than A-E, E is bigger than A-D, D is bigger than A-C, C is bigger than A-B, and B is bigger than A. As long as any of your answer goes along this format it is correct.

B is asking a number that is smaller than that said number. A is smaller to B-F, B is smaller to C-F, C is smaller to D-F, E is smaller to F. So again, any letter combination that falls within this category is correct.

For the last one, there are multiple combinations, meaning there is just not one answer that fulfills that question.

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