Question
Find the simple interest on 625 at 2 1/2 percentage for 9 months
Answers
GPT 3.5
To calculate the simple interest, you can use the formula:
Simple Interest = Principal x Rate x Time
Given:
Principal (P) = $625
Rate (R) = 2.5% or 0.025
Time (T) = 9 months or 9/12 = 0.75 years
Plugging in the values into the formula:
Simple Interest = $625 x 0.025 x 0.75
Simple Interest = $625 x 0.01875
Simple Interest = $11.72
Therefore, the simple interest on $625 at 2 1/2% for 9 months is $11.72.
Simple Interest = Principal x Rate x Time
Given:
Principal (P) = $625
Rate (R) = 2.5% or 0.025
Time (T) = 9 months or 9/12 = 0.75 years
Plugging in the values into the formula:
Simple Interest = $625 x 0.025 x 0.75
Simple Interest = $625 x 0.01875
Simple Interest = $11.72
Therefore, the simple interest on $625 at 2 1/2% for 9 months is $11.72.