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VMariaS [17]
3 years ago
9

The simple interest earned for certain amount for 3 years at 5% is AED. 450. The amount invested is ________.

Mathematics
1 answer:
Tju [1.3M]3 years ago
7 0

Answer:

  • AED 3000

Step-by-step explanation:

Let the invested amount is x

  • Interest rate is r = 5% simple = 0.05 times
  • Time is t =  3 years
  • Interest amount I = AED. 450

<u>Using the interest formula and solving for x:</u>

  • P*r*t = I
  • x*0.05*3 = 450
  • 0.15x = 450
  • x = 450/0.15
  • x = 3000

The amount invested is AED 3000

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