1 answer:
Answer:
1500
Step-by-step explanation:
24 month means 2 years ( N )
rate 15 pcpa ( R )
amount is 5000 ( P )
so by formula
interest = P×N×R/100
so ( I ) = 5000×2×15/100
so( I ) = 50×2×15 ....... ( here 100 ( 2 zero ) and 5000.( 2 zero ) got canceled
so ( I ) = 50×2×15
so ( I ) = 100×15
so ( I ) = 1500
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