find the simple interest on 5600 at 12 percent from july 15 to September 26, 2013
Answers
Answered by
3
Answer:
112 IS THE CORRECT ANSWER
Step-by-step explanation:
5600×12×2 = 134400
134400/100= 1344
1344/12 = 112 is the Simple interest
HOPE THIS WILL HELP YOU
Answered by
2
Simple Interest
Principal amount given is 5600.
Rate of interest is 12%.
Time period given in days is 73 days or (2 months 11 days).
The formula for finding simple interest is
Where S.I. is the simple interest on given amount in given time period on certain rate of interest.
P is principal amount.
R is rate of interest.
T is time period.
hence,
we have divided it by 365 as time period is in days. Hence dividing the number of days with total number of days per year.
Therefore S.I. will be 134.4
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