What is the interest of 20000 in rate of 1.5% of 5 month?
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Step-by-step explanation:
Simple interest = PTR/100
P = Price
T = Time
R = Rate
1.5 = 15/10
15/10 × 100= 15/1000
Therefore: 20000 × 5 × 15/1000 = 1500
Interest = 1500
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