find the simple interest on 300 for 3 years at 5% per annum
Answers
Answered by
1
SI=P×R×T/100
=300×5×3/100
=Rs.45
=300×5×3/100
=Rs.45
arpil:
thanks
Answer:
A = $345.00
(I = A - P = $45.00)
Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year.
Solving our equation:
A = 300(1 + (0.05 × 3)) = 345
A = $345.00
The total amount accrued, principal plus interest, from simple interest on a principal of $300.00 at a rate of 5% per year for 3 years is $345.00.
A = $345.00
(I = A - P = $45.00)
Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year.
Solving our equation:
A = 300(1 + (0.05 × 3)) = 345
A = $345.00
The total amount accrued, principal plus interest, from simple interest on a principal of $300.00 at a rate of 5% per year for 3 years is $345.00.
Answered by
0
si=p*t*r/100
so si=300*3*5/100=45
so si=300*3*5/100=45
Similar questions