Calculate the simple Interest amount on 4,500 for 2/1/12 Years at 5% per annum
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Answer:
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Step-by-step explanation:
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The answer "S.I = 562.5"
Step-by-step explanation :
simple interest = ( P * R * T ) / 100
P = initial amount
R = interest rate
T = time period
Therefore, S.I. = ( 4500 * 5 * 2.5 ) / 100
= 56,250 / 100
S.I. = 562.5
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