3 years ago

An amount of $550000 was realised when a principal, x was saved at 2% simple interest for 5years. find the value of x

Mathematics

1 answer:

Marina CMI [18]3 years ago

5 0

Answer:

principal=x

amount=principal+interest

550000=x+interest

interest=550000-x

I=PRT/100

550000-x=x×2×5/100

550000-x=10x/100

550000-x=x/10

10(550000-x)=x

5500000-10x=x

5500000=x+10x

5500000=11x

x=5500000/11

x=500000

I would appreciate if my answer is chosen as a brainliest answer

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3 years ago

An amount of $550000 was realised when a principal, x was saved at 2% simple interest for 5years. find the value of x​

An amount of $550000 was realised when a principal, x was saved at 2% simple interest for 5years. find the value of x