when sum would yield an interest of $36 in 3 years at 3% P.A (per anum)
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The sum that would yield interest is $400.
Step-by-step explanation:
Let the principle sum = x
Time "n" = 3 years
Rate = 3% per annum
Simple Interest = $36
Simple Interest = P x R x T / 100
36 = x . 3 x 3 / 100
x = 36 x 100 / 9
x = 400 $
Hence the sum that would yield interest is $400.
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