3 years ago

Calculate the Simple Interest on $12000 for 15 years at 12 1/2% per annum

Mathematics

1 answer:

Igoryamba3 years ago

3 0

Answer:

$22500

Step-by-step explanation:

principal=$12000

time=15 years

rate= $12\frac{1}{2}$

=12*2+1/2

=25/2

=12.5

Interest=PTR/100

=$12000*15*12.5/100

=$2250000/100

=$22500

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