Question

Find the principal that will amount to 2240 at 4%per annum simple interest in 3 years

Answer 1

Answer:

P+I. = 2240

P+PTR÷100 =2240

P(1+TR÷100) =2240

P(1+4×3÷100)=2240

P(1+12÷100)=2240

P(112÷100)=2240

P=2000/-

Step-by-step explanation: