babuxarma246 babuxarma246

09-01-2021
Mathematics

contestada

Time
5 veares
Find the simple interest when
i) Principal = 22000, Rate of interest = 5% time = 5years

Respuesta :

Podetola Podetola

09-01-2021

Answer: Simple interest = $5,500

Step-by-step explanation:

Interest formula:

I = prt

Convert 5% to 0.05

I = 22,000 × 0.05 × 5 = 5,500

I = $5,500.00

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