Find the simple intrest payable on a loan of N$ 6500 at 13.25% p.a at

1.	Find the simple intrest payable on a loan of N$ 6500 at 13.25% p.a at the end of fifty four months
Answer» <P>Answer: 3875.63 Step-by-step explanation: If P denotes the principal ($), R denotes the rate (percentage p.a.) and T denotes TIME (years), then:- Given, P = $ 6500, R = 13.25% p.a. T = 54 MONTHS = 4 years 6 months = 54/12 years = 9/2 years S.I = (P × R × T)/100 = (6500 * 13.25 * 9) / 100*2 = 775125/200 = 3875.63

Find the simple intrest payable on a loan of N$ 6500 at 13.25% p.a at the end of fifty four months

Answer»

<P>Answer:

3875.63

Step-by-step explanation:

If P denotes the principal ($), R denotes the rate (percentage p.a.) and T denotes TIME (years), then:-

Given,

P = $ 6500,

R = 13.25% p.a.

T = 54 MONTHS = 4 years 6 months = 54/12 years = 9/2 years

S.I = (P × R × T)/100

= (6500 * 13.25 * 9) / 100*2

= 775125/200

= 3875.63

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Find the simple intrest payable on a loan of N$ 6500 at 13.25% p.a at the end of fifty four months

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