Find the simple interest on $700 for 2 1/2 years at 5 1/2% per annum
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SI = (P×R×T )/100
SI ==========(700 ×11/2 ×5/2 )/100
=== ==========(700×11×5)/(100×2×2)
Simple interest =96.25 $
SI ==========(700 ×11/2 ×5/2 )/100
=== ==========(700×11×5)/(100×2×2)
Simple interest =96.25 $
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