how much is the simple interest earned on ? 75 for 3 months at 8 p.c.p.a.?
Answer
Answer
PRINCIPAL AMT :- 75
Intrest = 8 %p.a. (r = 8% , i = 8 ÷ 100 = 0.08
Tenure :- 3 month ( t = 3m÷ 12m = 0.25)
Simple intrest = p×i×t
= 75 × 0.08 × 0.25
Si = 1.5