alenshajan713 alenshajan713
  • 15-02-2021
  • Mathematics
contestada

The simple interest earned for certain amount for 3 years at 5% is AED. 450. The amount invested is ________.

I need the steps also

Respuesta :

mhanifa
mhanifa mhanifa
  • 27-02-2021

Answer:

  • AED 3000

Step-by-step explanation:

Let the invested amount is x

  • Interest rate is r = 5% simple = 0.05 times
  • Time is t =  3 years
  • Interest amount I = AED. 450

Using the interest formula and solving for x:

  • P*r*t = I
  • x*0.05*3 = 450
  • 0.15x = 450
  • x = 450/0.15
  • x = 3000

The amount invested is AED 3000

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