3 years ago

What is the simple interest earned when the principal is $500 at a rate of 10% held in the ban for 8 months?

Mathematics

1 answer:

Leto [7]3 years ago

6 0

S.I= PRT /100

where,

P = price $500

R = rate 10%

T = time =8months

= $500*10*8/100

= $40,000/100

S.I = $400

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