Question

Find the simple interest on a loan of $9,000 at 7.6% interest for 9 months.

Anyone know the answer ??

Only answer if you know, any other answers will be reported !

Answer 1

P= RS. 9000

R=7.6%

T= 9 months

Simple Interest (SI}=?

By using formula,

SI= PTR/100

= 9000* 7.6* 9/ 100* 12

= 615600/1200

= 513