Answer:
1. I= $36, NB = $336
2. R = 5%, NB = $517.50
3. T= 5 YEARS, NB = $612.50
4. P= $675, NB = $783
Step-by-step explanation:
1. p= 300, r=3% t=4year
I= p*r*t
i= 300 * (3/100) * 4
i = 300 * 0.03 * 4
i = 36
New Balance = 300+36 = $336
2. r = (i*100)/(p*t)
= (67.50*100)/(450*3)
= 6750/1350
= 5%
New Balance =450+67.50 = $517.50
3. t= (i*100)/(p*r)
= (112.50*100)/(500*4.5)
= 11250/2250
=5
New Balance = 500+112.50 =$612.50
4. p= (i*100)/(r*t)
= (108*100)/(8*2)
= 10800/16
= $675
New Balance = $675+$108 = $783
