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Sagot :
The expression for savings after t years, based on the principle amount and annual interest rate is 3000 + 105t.
The formula to be used for computation of savings is -
Interest = (Principal × Rate of interest × Time)/100
Keep the values in formula -
Interest = (3000 × 3.5 × t)/100
Performing division and multiplication
Interest = 10,500t/100
Performing division on Right Hand Side of the equation to find the interest
Interest = 105t
Now, savings will be sum of amount and the interest earned
Savings = 3000 + 105t
Thus, the savings will be 3000 + 105t.
Learn more about simple interest -
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