I) £300 borrowed for 5 years at 8% p.a.
(ii) £1000 invested for 4 years at 9.5% p.a.
(iii) £50 borrowed for 2 years at 18% p.a.
(iv) £2500 invested for 6 months at 8.75% p.a. (T = 0.5 years)
(v) £45 000 borrowed for 2 weeks at 15.5% p.a.
Answers
Given : (i) £300 borrowed for 5 years at 8% p.a.
(ii) £1000 invested for 4 years at 9.5% p.a.
(iii) £50 borrowed for 2 years at 18% p.a.
To Find : Interest receivable or payable
Solution:
SI = P * R * T /100
(i) £300 borrowed for 5 years at 8% p.a.
P = 300
R = 8
T = 5
SI payable = 300 x 8 x 5 /100 = 120 £
(ii) £1000 invested for 4 years at 9.5% p.a.
P =1000
R = 9.5
T = 4
SI receivable = 1000 x 9.5 x 4 /100 = 380 £
(iii) £50 borrowed for 2 years at 18% p.a
P = 50
R = 18
T = 2
SI payable = = 50 x 18 x 2/100 = 18 £
Please post Questions one by one.
Learn More:
if the difference between the ci and si for 2 years at 12 percentage ...
brainly.in/question/11868846
1. Find the difference between C.I and S.I on 5000 for 1 year at 2 ...
brainly.in/question/13187389
Answer:
Step-by-step explanation:
£50 borrowed for 2 years at 18% p.a.
(iv) £2500 invested for 6 months at 8.75% p.a. (T = 0.5 years)