halimoandullahi09 halimoandullahi09

04-05-2020
Mathematics

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What principal amount would yield an interest of $36 in 3 years at 3%?
P=

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walala4324 walala4324

04-05-2020

Answer: Let principle sum be x

Time = 3 years

Rate = 3% per annul

SI = $36

SI = \frac{P*R*T}{100}

36 = \frac{x*3*3}{100}

x = 36* \frac{100}{9}

x = 400

So the sum that would yield interest of $36 is $400

Step-by-step explanation:

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