Question

What sum would yield
an interest of 36 in 3 years at 3% pa​

Answer 1

Answer:

:The sum that would yield interest is $400.

Step-by-step explanation:

Let the principle sum =  x

To find, sum would yield = ?

Time (T) = 3 years, Rate(R) = 3% per annum and

Simple Interest(SI) = $36

We know that,

Simple Interest(SI)  

⇒  

⇒  

The principle sum = $400

Amount = $400 + $36 =  $436

Hence, the sum that would yield interest is $400.