100 gives PRT
The simple interest formula I
the interest I on a principal P invested at a
rate of R% per annum for T years.
a Find the interest when N150 000 is
invested at 5% per annum for 4 years.
b Find the principal that gains an interest of
N16100 in 5 years at 7% per annum.

Step-by-step explanation:

a) P = N 150000

R = 5%

T = 5 years

Plug in the values P,R & T in the  formula

I = PRT

I = N 30000

b) I = N 16100

R = 7%

T = 5 years

P= N 46000

Step-by-step explanation:

a. Given,

Principal ( P ) = N 150000

Rate ( R ) = 5 %

Time ( T ) = 4 years

Interest ( I ) = ?

Finding the Interest ( I )

⇒

⇒

⇒

Interest = N 30000

------------------------------------------------------------

b. Given,

Interest ( I ) = N 16100

Time ( T ) = 5 years

Rate ( R ) = 7 %

Principal ( P ) = ?

Finding the principal

⇒

⇒

⇒N

Principal = N 46000

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answer: -8.2562234e+13

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