Question

Find the sample interest paid to the nearest Cent for each loan interest rate and Time= 2500, 6.9%, 6 months

Answer 1

Answer:

Here in this question,

Principal=2500rupees

Time=6 months (1/2year)

Rate of interest=6.9%

now,

Simple Interest=p×r×t÷100

so,

SI=2500×1×6.9÷(100×2)

=86.25rupees