Question

A sum when reconed at 15/2% per annum amount to$3920 in 3 year. Find the sum

Answer 1

Answer:

P = $3200

Step-by-step explanation:

Amount = P + I

P + PRT/100 = 3920

P( 1 + RT/100) = 3920

P( 1+ 15/2*3/100) = 3920

P( 1 + 45 / 200) =3920

P(245/200) = 3920

P = 3200