Witryna3. Determine the exact simple interest on P500 for the period from January 10 to October 28, 1996 at 16% interest. 4. Determine the ordinary and exact simple interests on P5,000 for the period from January 15 to June 20, 1993, if the rate of simple interest is 14%. 5. If the sum of P12,000 is deposited in an account earning interest at the … WitrynaFind the exact interest on P20,000 at 10% interest rate for 150 days. Find the ordinary interest using approximate number of days on P 40,000 at 15% interest from July 4, …
Ordinary simple interest problems with solutions Math Guide
WitrynaSimple Interest Formula. I = Prt. Where: P = Principal Amount. I = Interest Amount. r = Rate of Interest per year in decimal; r = R/100. R = Rate of Interest per year as a percent; R = r * 100. t = Time Periods involved. Notes: Base formula, written as I = Prt or I = P × r × t where rate r and time t should be in the same time units such as ... WitrynaI create educational content and tools to share plain language, easy-to-access information and stories that empower ordinary people to make better decisions about earning, spending and investing money. Smart About Money is an ASISA consumer financial education initiative that launched in September 2024. … renjarla rajesh songs
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WitrynaOrdinary simple interest problems with solutions is a mathematical tool that helps to solve math equations. Do My Homework. Our users say The solution steps are … WitrynaDetermine the ordinary simple interest on P700 for 8 months and 15 days if the rate of interest is 15%. (Solve in the board) Answer: Number of days: 255 days I= Pni= P74.38 f2. Determine the exact simple … Witryna360. = P15,500 x 0.0575 x (130 ÷ 360) = P321.740. The ordinary interest of the money invested/borrowed for 130 days is P321.74. Exact Interest. To find the exact interest, … renja stranden