Question

Find the simple interest on:
(1) 3648 for 8 months at 165 % per annum.
Also find the amount in each case.​

Answer 1

Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units o

Answer 2

Step-by-step explanation:

• PRINCIPAL =3648
• TIME =8/12 years =2/3 years
• Rate =165%

S. I. =(3678×2×165)/(100×3)

=(1839×11)/(5)

=20229/5

=4045.8

AMOUNT=PRINCIPAL +S.I.

=3648+4045.8.

=7693.80

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