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5 November, 13:48

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

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  1. 5 November, 15:14
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    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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