saintbarry04 saintbarry04

14-01-2020
Mathematics

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find the principal which amount to #5500 at simple imterest in 5years at 2% per annum

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josshyaby josshyaby

14-01-2020

Answer:s

Step-by-step explanation:

I = (P×R×T)/100

I = #5500, T = 5years, R = 2%

5500 = P(2×5)/100

5500 = P(10)/100

5500 = P/10

P = 5500×10

P = #55000

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