Question

Emily invests $x at a rate of 3% per year simple interest. After 5 years she has $20.10 interest. Find the value of x​

Answer 1

Answer:

Amount x 3/100 x 5 = 20.10

Amount x 15/100 = 20.10

Amount = 20.10 ÷ 15/100

Amount = 20.10 x 100 /15 = $134