days 455 interest 7.10 money 500000
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T = 455 days = 455/365 years ≈ 1.24657534 years
R = 7.1 % p.a.
P = $ 500,000
Therefore,
S.I. = (P × R × T) ÷ 100
S.I. = $ 44,253.4247
R = 7.1 % p.a.
P = $ 500,000
Therefore,
S.I. = (P × R × T) ÷ 100
S.I. = $ 44,253.4247
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