Asked by chun
How much of the principal invested if the investment will be worth RM20,000 in five years at a simple interest rate of 5% per annum.
Answers
Answered by
henry2,
P = Po+Po*r*T = 20,000
Po+Po*0.05*60 = 20,000
Po+3Po = 20,000
Po =
Po+Po*0.05*60 = 20,000
Po+3Po = 20,000
Po =
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