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Finish finance as possible​

Finish finance as possible​-example-1
User PizzaEatingGuy
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1 Answer

4 votes
4 votes

Answer:

S.I =$360

Explanation:

Since the principal isn't visible in the question, let's assume it's $1000.

Given the following data;

Principal = $1000

Interest rate = 9%

Time = 4 months

To find the simple interest;

Mathematically, simple interest is calculated using this formula;


image

Where;

S.I is simple interest.

P is the principal.

R is the interest rate.

T is the time.

Substituting into the equation, we have;


image


image

S.I =$360

Note: You should substitute the principal amount with the one given originally in the question.

User Mlst
by
3.2k points