Question

Write an algebraic expression: The principal amount P originally deposited in a bank account plus 0.3% interest.

Answer 1

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Answer 2

`1.003P`

Explanation:

We are asked to write an algebraic expression for the given word phrase.

The principal amount P originally deposited in a bank account plus 0.3% interest.

The interest would be 0.3% of P.

`\text{Interest}=(0.3)/(100)*P=0.003P`

The total amount in the account would be principal plus interest.

`P+0.003P`

`1.003P`

Therefore, our required expression is
`1.003P`.