Question

*
The simple interest on $1300 for 4 years at 5 percent per annum is

Answer 1

`$260`is the answer

Step-by-step explanation :-

Given :-

SI (Simple Interest) = $1300

r% (Rate) = 5%

n (Time) = 4 years

Applying it into the formula :

`(P×R×T)/(100)`

`= > (1300 * 4 * 5)/(100)`

`= > 13 * 4 * 5`

`= > $ 260`

Therefore, the Simple interest is $260