Find the simple interest on $10000 at 5% per annum for 12 months?
Find the simple interest on $10000 at 5% per annum for 12 months?
Answer/Solution
$500
Steps/Work
P = $10000
R = 5%
T = 12/12 YEARS = 1 YEAR
S.I. = P*R*T/100 = 10000*5*1/100 = $500
Answer is B
R = 5%
T = 12/12 YEARS = 1 YEAR
S.I. = P*R*T/100 = 10000*5*1/100 = $500
Answer is B