Question

Find the Simple interest if principal is 65000 for 2 years 6 months at the rate of 4% per annum

Answer 1

Answer:

Given :

P = 65000

T = 30 / 12 = 5/2 yr

R = 4 percent

Step-by-step explanation:

Simple Interest = P x R x T

= 65000 x 4 / 100 x 5 / 2

= 650 x 2 x 5

= 650 x 10

= 6500

Therefore , simple interest for the amount 65000 for 5 and a half yr at the interest of 4 pecent is 6500