2900 loan for 5 months at 8.95% simple interest

Question

asked Oct 15, 2021 145k views

1 Answer

Shya · Answer 1 · 2021-10-22T07:06:00+0000

Answer:

108.1458

Explanation:

Simple interest=(2900×5×8.95)/100×12

=2900×5×895/120000

=29×5×895/1200

=129775/1200

=108.1458

So the simple interest is 108.1458