Question

Principal =11750 annual rate of interest =7.5% total interest rate=

Answer 1

Answer:

Step-by-step explanation:

P=11750

R=7.5%

PERIOD OF TIME =1YRS

SI=(11750×7.5×1)/100=11750×75/1000=881.75

Answer 2

Amount of interest = 881.25

Step-by-step explanation:

Given:

Principal amount = 11,750

Annual rate of interest = 7.5% = 7.5 / 100 = 0.075

Number of period = 1

Amount of interest = ?

Computation of amount of interest:

Amount of interest = Principal amount × Annual rate of interest × Number of period

Amount of interest = 11,750 × 0.075 × 1

Amount of interest = 881.25

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