meemilan meemilan

10-07-2017
Mathematics

contestada

Calculate the amount earned if simple interest is paid on R2500 at 8.5% per annum for 4 years

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Aliwohaish12 Aliwohaish12

23-07-2017

The formula is
I=prt
I amount earned?
P 2500
R interest rate 0.085
T time 4years
I=2,500×0.085×4
I=850

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