If p =10000, T=250 days , r = 5 then finds SI & amount
Answers
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Answer:
I = $ 1,937.50
Equation:
I = Prt
Calculation:
First, converting R percent to r a decimal
r = R/100 = 3.875%/100 = 0.03875 per year,
then, solving our equation
I = 10000 × 0.03875 × 5 = 1937.5
I = $ 1,937.50
The simple interest accumulated
on a principal of $ 10,000.00
at a rate of 3.875% per year
for 5 years is $ 1,937.50.
Step-by-step explanation:
Answered by
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Answer:
first you have appy the formula of SI and then on the next step you apply the formula of amount= P+I then you will get the answer
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