Answer:
10.50
Explanation:
The simple interest (I) is calculated as
I =
where P is the principal ( amount deposited), R is the rate of interest and T the time in years.
note that 14 weeks = of a year, hence
I = ×
=
= = 10.50
rs 10.5 .
Simple Interest = PRT/100 where P = sum invested, R = the rate per annum, T = the time in years.
14 weeks = 14/52 years so it is:
650* 6 * (14/52) / 100
= rs 10.5.
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