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Calculate the simple interest on 5000 at a rate of 8%p.a over 4 years
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Nov 18, 2023
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Calculate the simple interest on 5000 at a rate of 8%p.a over 4 years
Mathematics
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Latasha
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Answer:
Solution,
SI=PTR/100
= 5000*4*8/100
=1600
Beengie
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Nov 19, 2023
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Answer: 1600
Explanation:
Principal (P) = 5000
Rate (R) = 8%
Time (T) = 4 years
S.I = PRT/100
Therefore,
= PRT/100
= (P * R * T)/100
= (5000 * 8 * 4)/100
= (40000 * 4)/100
= 160000/100
=> 1600
Therefore, S.I = 1600
Mark Connell
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Nov 22, 2023
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Mark Connell
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