What is the principal amount if the amount of interest at the end of 2 1/2 year is P4,500 for a simple interest of 6% per annum? P35,000 P45,000 P40,000 P30,000

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
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ISBN:9781305084766
Author:Saeed Moaveni
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Chapter20: Engineering Economics
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Problem 12P
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What is the principal amount if the amount of interest at the end of 2 1/2 year is
P4,500 for a simple interest of 6% per annum?
P35,000
P45,000
P40,000
P30,000
Transcribed Image Text:What is the principal amount if the amount of interest at the end of 2 1/2 year is P4,500 for a simple interest of 6% per annum? P35,000 P45,000 P40,000 P30,000
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