what is the simple interest if the sum of money is 4800 and invest rate is 8.5 % for time period of 2 years 3 months
a.)15%pa
B.) 6% pa
c.) 22% pa
D.) 12% pa
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Answer:
15% would be the answer I think ....
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Step-by-step explanation:
2 years 3 month = 2 + 3/12 = 2.25 years...
SI = 4800 × 8.5 × 2.25 /100
= 918 is ur Answer.......
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