SOLUTION: What is the principal amount if the amount of interest at the end of 2 ½ year is 4, 500 pesos for a simple interest of 6% per annum?

Question 1184596: What is the principal amount if the amount of interest at the end of 2 ½ year is 4, 500 pesos for a simple interest of 6% per annum?
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
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What is the principal amount if the amount of interest at the end of 2 ½ year is 4, 500 pesos for a simple interest of 6% per annum?
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From the general formula

    I = Prt


you have  

    P =  =  = 30,000 pesos.    ANSWER

Solved.

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To see many other similar (and different) solved problems on simple interest accounts, look into the lesson
- Simple interest percentage problems
in this site.

Learn the subject from there.

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