## 11. What sum will amount to 1748 in 2 1/2 years at 7 1/2 % per annum simple interest ​

Question

11. What sum will amount to 1748 in 2 1/2 years at 7 1/2 % per annum simple interest

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1 month 2021-08-18T03:57:52+00:00 2 Answers 0 views 0

## Answers ( )

1472

Step-by-step explanation:

1748=p+(prt/100)

p=1748×100/(100+7.5×2.5)

=1472

P = Po + Po*r*t = $1748. Po + Po*0.075*2.5 = 1748 Po + 0.1875Po = 1748Po Po =$1472 = Initial amount.