Write an algebraic expression: The principal amount P originally deposited in a bank account plus 0.3% interest.

Question

asked Apr 26, 2017 49.8k views

2 Answers

Jonathan Kittell · Answer 1 · 2017-05-02T09:41:37+0000

Answer:

1.003P

Explanation:

We are asked to write an algebraic expression for the given word phrase.

The principal amount P originally deposited in a bank account plus 0.3% interest.

The interest would be 0.3% of P.

$\text{Interest}=(0.3)/(100)*P=0.003P$

The total amount in the account would be principal plus interest.

P+0.003P

1.003P

Therefore, our required expression is
.