Question

price 1000000. rate 8% time 1 month interest =?
​

Answer 1

Answer:

6666.67

Step-by-step explanation:

interest = (principal × rate × time)÷100

= (1000000 × 8 × 1/12)÷100

= 80000÷12

= 6666.67

Answer 2

Answer:

6666.67

Step-by-step explanation:

P= 1000000

R= 8%

T= 1 month = 1/12 year

I= P*R*T/100

= 1000000*8*1/100*12

=8000000/1200

=6666.67