Question

find the simple interest of the following P = 5,000
R = 16% p.a
T = 1/2 years​

Answer 1

Answer:

(c) $ 5000 for 146 days at 15¹/₂% per annum.

Solution:

P = $ 5000, R = 151/2% p.a. T = 146 days

S.I = ( 5000 × 31 × 146)/(100 × 2 × 365)

= $ 10 × 31 = $ 310