raheemwalter
raheemwalter raheemwalter
  • 14-01-2021
  • Business
contestada

- Interest: A sum fetched a total simple interest of $ 4016.25 at the rate of 9 %.p.a. in 5 years. What is the sum?

Respuesta :

Samawati
Samawati Samawati
  • 16-01-2021

Answer:

$8,925

Explanation:

Calculation of simple Interest is by the formula

I= P x r x t

Where I = Interest

p= principal

r= interest rate

t= time in years

In this case

I=$4016.25

p=???

r= 9% or 0.09

t=5 year

Therefore;

$4016.25= P x 0.09 x 5

$4016.25 = P0.45

P=$4016.25/0.45

P=$8,925

The principal is $8,925

Answer Link

Otras preguntas

what did scientist observe when they studied the magnetic fields of rocks on the sides of mid ocean ridges?
Please associate the verb forms in column A to the sentences in column B.
Please answer the attached question by selecting of the the given answers.
13^2 * 5^2 - 10^2 *6^2 = ?​
Help Please Rhett decides to build a square room for his movie and music collection. If the area of the room is 16x2 − 24x + 9 square feet, what is the length o
Can someone help me pleaseeeee
Solve the pictures please.
7- .....did.......... he visit you yesterday?a) Isb) Havec) Didd) Does​
Why does dough rise very quickly in the day but it takes much longer to rise in the night ?
calculate the molecular weight of chalk​