write an algebraic expression: the principle amount p originally deposited in a bank account plus 0.3% interest
Answer:
The expression is : \(p+0.003p=1.003p\)
Step-by-step explanation:
Let the original amount or principle be = p
Rate of interest = 0.3% or \(\frac{0.3}{100}=0.003\)
So, an algebraic expression that the principle amount p originally deposited in a bank account plus 0.3% interest is given by:
\(p+0.003p=1.003p\)