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(52776) (Show Source):
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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.
