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cvalentine3199
26.07.2020 •
Mathematics
The simple interest on a sum of money invested at 5% per annum for 3 years was $90. The sum of money invested was
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Ответ:
Sum of money = $600
Step-by-step explanation:
X = sum of money
Simple interest means that its the same percentage of interest for a given number of years.
The interest per annum is 5% for 3 years, so 5% x 3 = 15%
15% = 0.15 (as a decimal)
Now, we can put this into an equation:
0.15x = 90
x = 90 / 0.15
x = 600.
sum of money invested = $600
Ответ: