Question

Find the principal which amount to #5500 at simple imterest in 5years at 2% per annum​

Answer 1

Answer:s

Explanation:

I = (P×R×T)/100

I = #5500, T = 5years, R = 2%

5500 = P(2×5)/100

5500 = P(10)/100

5500 = P/10

P = 5500×10

P = #55000