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
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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
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