Principal=6400, Rate 5% p.a, Period= 3 months. What is simple interest?
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Answer:
960. Answer
Step-by-step explanation:
formula to find percentage.
64×5= 320
then find the interest .
so, 320 × 3 = 960 Answer
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principal = 6400
Rate = 5% p.a.
time = 3/12 = 0.25
s.i. = PRT
- 6400 × 5 × 0.25 /100
- 6400 × 5 × 25 / 10000
- 800,000/10000
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