Find the principal that will amount to $13156 after 73 days if simple interest is calcutated at an interest rate of 6% p.a.
( The answer is $13000..Please show me the step...You can use equation to solve)
Form one maths
2006-12-03 5:56 am
回答 (2)
2006-12-03 6:08 am
Let the principal be x
[ 1 + 6% * ( 73 / 365) ] x = $ 13156
1.012 x = $ 13156
x = $13000
so, the principal is $13000
[ 1 + 6% * ( 73 / 365) ] x = $ 13156
1.012 x = $ 13156
x = $13000
so, the principal is $13000
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