At what rate percent per annum will $400 yield an interest of $78 in 1 1/2 years?
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Answered by
23
HEY DEAR . ✌
___________________________
here,
P = 400
T = 11/2
S.I. = 78
Applying formula of SI
78 = (400×R×11)/(100×2)
78 = 22 R
R = 78/22
R = 3.54%
HOPE , IT HELPS .
FOLLOW ME . ✌
___________________________
here,
P = 400
T = 11/2
S.I. = 78
Applying formula of SI
78 = (400×R×11)/(100×2)
78 = 22 R
R = 78/22
R = 3.54%
HOPE , IT HELPS .
FOLLOW ME . ✌
NoorTheUnicorn:
Thanks for the answer but T is 1 and half years :)
I put 1 1/2 sorry to confuse you...
sorry
ok! but could you help with this? :D
ok
Answered by
1
hope it is helpful for you
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