At a simple interest rate of 5% a year the principal that will give 12.50 interest in 6 months is
r = 5%, t = 1 year, I = 12.5, t = 6 12 , P = ? Using formula for simple interest, I = Prt P = I rt P = 12.5 × 2 × 100 5 × 1 = 500
r = 5%, t = 1 year, I = 12.5, t = 6 12 , P = ?
Using formula for simple interest, I = Prt
P = I rt
P = 12.5 × 2 × 100 5 × 1 = 500
1297 MCQ for effective preparation of the test of Interest of Word Problems section.
Read the MCQ statement: At a simple interest rate of 5% a year the principal that will give 12.50 interest in 6 months is , keenly and apply the method you have learn through the video lessons for Interest to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 233-13000.