163k views
2 votes
A woman invested #600,000 in a bank at the rate of 10% for 2.5 years. Find the simple interest

1 Answer

5 votes

Answer:

$150,000

Explanation:

The principle is 600,000.

The rate is 10%.

The time is 2.5 years.

The formula for finding the S.I (Simple Interest) is (Principle (P) * Time (T) * Rate (R) = (600,000 * 2.5 * 10)/100 = 150,000

Therefore, the simple interest is $150,000.

User Thedjpetersen
by
7.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories