EXERCISE 9.2.
1. Find simple interest :
(i) P = 8,000, Rate = 14% per annum, time = 4 years.
(ii) P = 7,500, Rate = 15% per annum, time = 3
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Answer:
I. SI=PRT/100
= 8000*14*4/100=448
SI=$448
II. SI=PRT/100
=7500*15*3/100=3375
SI=$3375
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