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Earlier discussion
6 older comments kept for context.
Samuel Victor
Please someone should help me solve this problem
Find the Principal which amount to #72,800 at simple interest in 4years at 3% per annum.
Eniola
I think the answer is 5600
Adedamola Samuel
How did you get 11P
Eniola
P+P+2*5=11p
Kanyinsola Ifeyemi
Amount(A)=principal(P)+ simple interest(I)
Simple interest = PRT/100
A=P +PRT/100
Substitute the given values
4400= P + P×2×5/100
4400=P + P/10
Find the LCM
4400 =11P/10
Cross multiply
44000=11P
P = 44000/ 11
P= #4,000
Abdul rahmon Adelodun
From p+p How is it 11p