Question

What is the sum that amounts to $2040 in 6 months at 4 %?

Answer 1

$2000

P = I X 100/R X T A (amount) =$2040 p = A- I I = 2040 - P I = PRT/100 2040- P = PX4X6/100X12 2040 - p =P/50 2040 = P + p /50 2040 = 51P/50 P= $2000

Explanation: