Question

Find the simple interest on 2500 for 3 years and 6 months at 5.2% half yearly
interest. Also, find the amount
step by step explanation please​

Answer 1

Answer:

Principal = 2500

time =3y 6mounths

=1y=12mounths

3y= 3*12=36mounths +6mounths=42mounths

1mounths=1/12years

42mounths=42/12=3.5years

rate for 6 mounths=5.2%

rate for 1years=5.2*2=10.4%

SI=P*R*T/100= 2500*10.4*3.5/100=25*10.4*3.5=910