marviedelossantoscom
marviedelossantoscom marviedelossantoscom
  • 20-11-2022
  • Mathematics
contestada

17. Jun is investing an amount at 15% simple interest for 3 years. If he intends to have P48 200.00 at the end of the term, what must be his principal?​

Respuesta :

mhanifa
mhanifa mhanifa
  • 20-11-2022

Answer:

  • Principal must be P33241.38

---------------------------------

Simple interest formula

  • A = P(1 + rt), A- future amount, P- principal, r- rate, t - time

Given

  • A = P48200,
  • r = 15% = 0.15
  • t = 3 years

Find P

  • 48200 = P(1 + 0.15*3)
  • 48200 = P*1.45
  • P = 48200/1.45
  • P = 33241.38
Answer Link

Otras preguntas

Complete the equations. 300 = 3 hundreds + tens + 0 ones 300 = tens + 0 ones 300 = ones
What process creates the sand dune
Practice Active What are the positive and negative effects of the Three Gorges Dam project in China? Write your answer in complete sentences.
Most of the heat from the sun that reaches Earth's surface is absorbed by the atmosphere. the oceans. manmade structures. land.
Consider a circle whose equation is x2 + y2 + 4x - 6y - 36 = 0. Which statements are true? Check all that apply. To begin converting the equation to standard fo
Yo girl needs help please
What is the solution to the equation 6x+2=9x-1? x = -3 х=-1 - оооо X = 1 х = 3
As a result of the Adams onus treaty the United States
Two high school basketball teams have identical records of 15 wins and 2 losses. Sunnyside High School's mean score is 50 points and its MAD is 4 points. Shady
Solve each equation. Check your solution. 4x - 8= 5x