Carlinsteven602 Carlinsteven602
  • 24-05-2017
  • Mathematics
contestada

834 3% 15 months simple interest

Respuesta :

snowdove
snowdove snowdove
  • 24-05-2017
If it is 3% for a year then
834 x 3/100 = 25.02 which is for 12 months.
The next three months is (25.02/12)x3 = 6.25 for 3 months
So for 15 months 25.02+6.25= 31.45

But if it is 3% monthly then
25.02 x 15= 375.30
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