Given That P= P20,820, R= 2 \Xc2? And The T= 9months Find The Simple Interest.

Given that p= p20,820, r= 2 ¼% and the t= 9months find the simple interest.

 

819.7875

Solution:

According to the conditions, we can find that the interest is

20820 \times \frac{21}{4} \% \times \frac{9}{12} = 819.7875


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