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

Fruit flies are commonly used in genetic investigations that focus on traits passed from parents to offspring over several generations. What can you infer is th
What was the Mughal empire known for
which two oceans can you see on the globe above
how was zen buddhism similar to bushido ?
$4 is what percent of $50
Due to its great size, china is a land of what
Which was an accomplishment of the Tokugawa shogunate? A. 250 years of peace B. a period of increased trade and prosperity C. the welcoming of Christianity in J
what is 0.1 10 times as much
From a population of red brown orange yellow and green butterflies only the red and green ones survive since they can blend into their environment and reduce pr
How do you put Shays' Rebellion in a sentence?