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Find the simple interest. Principal $5000 Rate12% Time 2 1/2 years ​
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2 votes
Find the simple interest.
Principal $5000
Rate12%
Time 2 1/2 years
​

User Agchou
by
7.1k points

1 Answer

7 votes
  1. formular
  2. I= PRT ÷ 100
  3. I= $5000×12×2.5 ÷100
  4. I =$150000÷100
  5. I=$1500
  6. Therefore the simple interest will be $1500
User Archit Maheshwari
by
9.0k points
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