Question

$450 , 5% , 4 months find the simple interest

Answer 1

Answer:7.50

Step-by-step explanation:i am a nerd

Answer 2

Simple interest = $7.50

Explanation:

Simple interest = Principal *rate *time

S.I = P*r*t

Principal ; p = $450

rate ; r = 5% or 0.05 as a decimal

time; t = 4 months , however, convert this to years by dividing by 12;

t = 4 / 12

Next, plug in the numbers into the formula;

S.I = 450 *0.05*
`(4)/(12)`

S.I = $7.5

Therefore simple interest in 4 months becomes $7.50