Help me find this answer $12000 is invested at 6% p.a. for 42 months.
What is the principal amount?
Answers
Answered by
1
Answer:
Amount = P x T x R
---------------
100
= 12000 x 6 x 7÷ 2 x 100
= 60 x 6 x 7
Interest = $2520
Amount = Principal + Interest
= 12000 + 2520
Amount = $14520
Similar questions