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3 years ago

Find the simple interest. Round to the nearest cent. $7,800 at 9.25% for 4 months

Mathematics

2 answers:

murzikaleks [220]3 years ago

5 0

Answer:

The simple interest for 4 months = Rs 240

Step-by-step explanation:

formula:-

simple interest I = [PNR]/100

P - Principle amount

N - Number of years

R - Rate of interest

It is given that, $7,800 at 9.25% for 4 months

<u>To find the simple interest for 1 year</u>

I = [PNR]/100

I = [7800*1*9.25]/100 = 721.5

<u>To find the simple interest for 4 months</u>

4 months = (1 year )/3

4 months interest = 721.5/3 =240.5 ≈ 240

Therefore the simple interest for 4 months = Rs 240

Natasha2012 [34]3 years ago

3 0

<h2>Answer:</h2>

<u>The simple interest rate will be </u><u>240</u>

<h2>Step-by-step explanation:</h2>

The solution is attached in image form

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