1. Calculate the simple interest over an amount of N$ 2500 that is invested for 3 years and 6 months at a rate of 7% pa.
1 answer:
Answer:
N$ 612.5
Step by step explaination:
Given,
Principal or'P'=N$2500
Time or'n'=3 years & 6 months or 3.5 years
Rate of profit or 'r'=7% or 7/100
Profit or 'I'=?
_____________________________________
We know,
I=P*n*r
I=2500*3.5*7/100
I=612.5
So,simple interest is N$ 612.5.
You might be interested in
Answer:
5
Step-by-step explanation:
Answer:
20.94021
Step-by-step explanation:
mark me brainlist
It is how much the x values can expand on a graph
Answer: B
Step-by-step explanation: if you divide 27/30 by 3 you get 9/10
The answer would be A I really don’t know