Question

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

Answer 1

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

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