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Populaire Word Problems >

Find the principal which a man invested in a bank for 3years at the rate of 3percentage if the simple interest was 45naira

Solution

F in d t h e p r in c i p a l w hi c h a man in v es t e d in a bank f or 3 ye a rs a t t h e r a t e o f 3 p erce n t a g e i f t h e s im pl e in t eres t w a s 45 nai r a

Solution

Principal : 500

étapes des solutions

Translate the problem into an equation:

45 = P \cdot 0.03 \cdot 3

Solutionner pour

P, 45 = P \cdot 0.03 \cdot 3 : P = 500

Principal : 500

Exemples populaires

invest 2500 at 7% per annum compoounded annually. Find the value of the investment after 5 years Brenda deposited 2,059 in an account earning 1% interest compounded annually.To the nearest cent, how much will she have in 1 year?A loan of 43,000 is made at 5.25% interest, compounded annually. After how many years will the amount due reach 77,000 or more?Alice has 1,857 in a savings account that earns 14% interest, compounded annually.To the nearest cent, how much will she have in 4 years?How long will it take for a 5000 investment to grow to 7945 at an annual rate of 8.6% compounded semiannually?