Question

P=10,000,t=1year and 3months,r=17/2 solution

Answer 1

Your answer is here

P = 10000

T = 1 year 3 months

R = 17/2 or (8.5 %)



Formula is
$s.i. = \: p \times r \times t \div 100$
S. I. = 10000 × 8.5 × 1 ÷ 100

S. I = 850

But it is only one year S. I. we want 1 year 3 months simpl interest.

For 3 months s. I. Is

850 ÷ 12 × 3 = 212.5

Then 1 year 3 months simpl interest is

850 + 212.5 = 1062.5

Your answer is 1062.5

I hope it's helpful for you. Thank you