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3 years ago

How much simple interest does 2560 earn in 17 months at a rate of 1 1/8

Mathematics

1 answer:

Tatiana [17]3 years ago

4 0

Answer:185.87

Step-by-step explanation:

Explanation:

simple interest (SI) can be calculated using the formula

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

∣

100

∣

−−−−−−−−−−−−−−−

where P is the Principal, that is amount of money

R is the rate of interest

T is time in years

here P

2560

and T

years

⇒

2560

100

⇒

2560

100

⇒

≈

185.87

to nearest cent

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