Question

ctivity 1.1
1. If P = P4,500, r = 1.25% and t = 5 years, find the simple interest.
What formula will be used?
How are you going to express the rate in percent?
How much is the simple interest?​

Answer 1

Step-by-step explanation:

S.I = P×r×t/ 100; to express in % ,multiply by 100,then u will get S.I=P×r×t, I will take P as 24,500 ,r=1.25/100=0.0125 ,t=5 years ; S.I = 24,500×0.0125×5=1531.25