nguyenhohuongly2004 nguyenhohuongly2004

25-09-2021
Mathematics

contestada

Celine invests S 800 for 5 months at 3% simple interest per year.
Calculate the interest she receives.

Respuesta :

haneenrellithy haneenrellithy

25-09-2021

Answer:

10%

Step-by-step explanation:

-The formula for simple interest is I = PRT

-P= Principle (amount of money invested), R= rate%, T= time in years

-I=PRT/100

-So I = 800 * 3% * (5/12) (convert 5 months to years)

-I = 10%

i hope this helps<3

:)

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