gakuomaozugha gakuomaozugha

25-07-2021
Mathematics

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A woman invested #600,000 in a bank at the rate of 10% for 2.5 years. Find the simple interest

Respuesta :

Ujjwal11 Ujjwal11

25-07-2021

Here,

Principal (P) = 600000

Rate (R) = 10%

Time (T) = 2.5 years

Simple Interest (S.I) = ?

Now,

Simple Interest (S.I) = (P*T*R)/100

= (600000*2.5*10)/100

◆ = 150000

I hope you understand...

It's a Right answer...

Answer Link

lSuckAtLife lSuckAtLife

25-07-2021

Answer:

$150,000

Step-by-step explanation:

The principle is 600,000.

The rate is 10%.

The time is 2.5 years.

The formula for finding the S.I (Simple Interest) is (Principle (P) * Time (T) * Rate (R) = (600,000 * 2.5 * 10)/100 = 150,000

Therefore, the simple interest is $150,000.

Answer Link

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