Asked by chun
Find the principal using Bankers Rule if interest of RM100 was received at 3.5% simple interest rate for 150 days.
Answers
Answered by
henry2,
I = P*r*T = 100
P*0.035*(150/360) = 100
P =
P*0.035*(150/360) = 100
P =
Answered by
Megaananthiny Maniam
8.Jessica Noone deposited an inheritance of $15,000.00 in a bank and earned $500.00 in simple banker's interest at a rate of 9.5%. Find the length of time the money was on deposit.
The time of the deposit was days. (Round to the nearest day.)
The time of the deposit was days. (Round to the nearest day.)
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.