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Find the simple interest and amount in each of the following:
(a) P = $1800 R = 5% T = 1 year
(b) P = $2600 R = 12% T = 3 years
(c) P = $3125 R = 15% T = 73 days

Sagot :

(a)

[tex]SI = \frac{PRT}{100} \\ = \frac{1800 \times 5 \times 1}{100} \\ = 18 \times 5 \\ = 90[/tex]

Total amount = SI + Amount

= 90 + 1800 = $1890

(b)

[tex]SI = \frac{PRT}{100} \\ = \frac{2600 \times 12 \times 3}{100} \\ = 26 \times 12 \times 3 \\ = 26 \times 36 \\ = 936[/tex]

Total amount = SI + Amount

= 936 + 2600 = $ 3236

(c)

[tex]SI = \frac{PRT}{100} \\ = \frac{3125 \times 15 \times 0.2}{100} \\ = 93.75[/tex]

Total amount = SI + Amount

= 93.75 + 3125 = $ 3,218.75

The simple interest on $1800 is $90.

The simple interest on $2600 is $936.

The simple interest on $3125 is $93.75

What are the simple interests?

Simple interest is when interest is earned only on the amount of money deposited.

Simple interest  = amount deposited x time x year

1800 x 0.05 x 1 = $90

2600 x 0.12 x 3 = $936

3125 x 0.15 x (73/365) = $93.75

To learn more about simple interest, please check: https://brainly.com/question/27328409

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