Amy took $2000.00simple interest at a rate of 5% per annum for 9 months calculate her monthly instalment
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Answer:
si= p*r*t/100
then
2000*5*9/100*12
100*9/12
900/12
Amount= 2000+ 900/12
= 2000*12+900/12
= 24000+900/12
= 24900/12
Finally monthly installment or monthly payment will be = 24900/12*9
Do the final calculation u will surely get the answer correct
If yearly then 9 months = 9/12 year
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