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

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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