A total of $ 2200 is invented at a simple interest rate of 9% for 10 months. How much interest is earned on this investment? *
a) 615
b) 516
c) 156
d) 165
Answers
Answered by
0
Answer:
d) 165
Step-by-step explanation:
Note:
Simple Interest = PTR
100
where P = principle = 2200
T = time in years = 10months = 10/12 years
R = rate of interest = 9%
SI = 2200 × 10 × 9
100 × 12
SI = Rs. 165
Answered by
1
Answer:
Answer:
d) 165
Step-by-step explanation:
Note:
Simple Interest = PTR
100
where P = principle = 2200
T = time in years = 10months = 10/12 years
R = rate of interest = 9%
SI = 2200 × 10 × 9
100 × 12
SI = Rs. 165
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