Asked by chun
Find the number of days using Bankers Rule if RM10000 was invested at 3.5% simple interest rate and received RM10100.14 at the end of investment.
Answers
Answered by
henry2,
P = Po + Po*r*T = 10,100.14.
10,000+10,000*(0.035/360)T = 10,100.14
0.972T = 10,100.14-10,000
T = ___ days.
10,000+10,000*(0.035/360)T = 10,100.14
0.972T = 10,100.14-10,000
T = ___ days.
Answered by
MOSHINIAARTI
Find the amount received using Bankers Rule if RM10000 was invested at 3.5% simple interest rate for 150 days.
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