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Tomtit [17]
3 years ago
12

Find SI when time = 7/2 , rate = 5 % and amount = 587.50​

Mathematics
1 answer:
LuckyWell [14K]3 years ago
7 0

Answer:

$102.81

Step-by-step explanation:

Time = 3.5

Rate = 5

Principal Amount = 587.50

Using the Simple Interest formula:

SI = \frac{P*R*T}{100} where

P -> Principal Amount,

R -> Rate, and

T -> Time

Substituting the given values into the formula:

SI =

\frac{587.50 * 5 * 3.5}{100}\\\\= \frac{10281.25}{100}\\\\= 102.8125\\

≈ $102.81

<em>Hope this helps and be sure to have a wonderful time ahead at Brainly! :D</em>

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