Business Studies, asked by pjot681, 6 months ago

What sum of money will accumulate to $3700.00 at 14.75% p.a. in 451 days?

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Answered by amarjeetyadav30

Answer:

What sum of money will accumulate to $3700.00 at 14.75% p.a. in 451 days? (3 marks)P =S/(1+ rt)P = 3700/ (1+ 0.1475 * (451/365)P = 3700/ (1.18225)P = 3129.6257The principal amount is $3129.63

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