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Popular Word Problems >

For an investment to return RM6,000 at the end of an investment period of 6 years with simple interest rate of 4% p.a., how much should be invested

Solución

F or an in v es t m e n t t o re t u r n RM 6, 000 a t t h e e n d o f an in v es t m e n t p er i o d o f 6 ye a rs w i t h s im pl e in t eres t r a t e o f 4% p . a ., h o w m u c h s h o u l d b e in v es t e d

Solución

Principal : 4838.71

Pasos de solución

Translate the problem into an equation:

6000 = P (1 + 0.04 \cdot 6)

Resolver para

P, 6000 = P (1 + 0.04 \cdot 6) : P = 4838.71

Principal : 4838.71

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