If the simple interest on a sum of money is $450 after 3 years at a rate of 5% p

Practice Questions

Q1
If the simple interest on a sum of money is $450 after 3 years at a rate of 5% per annum, what is the principal amount?
  1. $3000
  2. $2500
  3. $2000
  4. $1500

Questions & Step-by-Step Solutions

If the simple interest on a sum of money is $450 after 3 years at a rate of 5% per annum, what is the principal amount?
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