The simple interest on $160 for 6 months at 5% per annum is?
Answers
Answered by
3
Step-by-step explanation:
simple interest =5% per annum
for 6 months =5%/2= 2.5%
SI for 160 at 2.5% will be 160*2.5/100=4$
Answered by
4
Answer:
P = $160
R = 5%
T = 6 months = 6/12 = 1/2 year
Simple Interest =
4 $ is the correct answer of your question
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