max38 max38
  • 14-12-2015
  • Mathematics
contestada

what sum would yield an interest of 36$ in 3 years at 3%p.a.

Respuesta :

taskmasters
taskmasters taskmasters
  • 14-12-2015
Amount of Interest = $36
Rate of interest = 3% per annum
Total time period for which the money was invested = 3 years
Let us assume the Principal amount = x
Then
Interest = Principal * Rate of Interest * time
36 = x * 3% * 3
36 = 9x/100
36 * 100 = 9x
3600 = 9x
x = 3600/9
   = 400
So the initial sum of the money that was invested was $400.
Answer Link

Otras preguntas

How divide 32.4 into 52 step by step.
write the sum as the logarithm of a single number.log ˯5 (7) +log˯5 (3)
In reaching her destination, a backpacker walks with an average velocity of 1.22 m/s, due west. This average velocity results because she hikes for 6.44 km with
72+4-14d=36 i need to show my work... i dont get it
How many protons, electrons, and neutrons are in I- and Li+ ?
The equation C  (F  32) allows you to convert betweenCelsius and Fahrenheit temperatures. C is the temperature in degreesCelsius (°C) and F is the temperature i
what is 7.75 in word form?
A car rental agency advertised renting a car for $23.95 per day and $0.28 per mile. If Brad rents this car for 2 days, how many whole miles can he drive on a $2
a^2=-42+13a solve by factoring ?
Besides supporting and protecting a cell, the cell membrane __ what enters and leaves the cell??