A sum amount to $2400 at 15% simple interest per annum after 4 years. Find the sum

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A sum amount to $2400 at 15% simple interest per annum after 4 years. Find the sum

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Ben Gia 5 years 2021-08-28T15:50:27+00:00 1 Answers 19 views 0

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  1. Nho
    0
    2021-08-28T15:52:10+00:00
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    Answer:

    1500

    Step-by-step explanation:

    We can required to find the sum which also means the value

    Future value= value × [ 1 + rate×time]

    2400= value × [1 + 15/100×4]

    2400= value × [1 + 0.15×4]

    2400= value × [1+0.6]

    2400= value × 1.6

    Value= 2400/1.6

    = 1500

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