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Thread: simple interest

  1. February 26th 2009, 08:42 AM #1
    diehardmath4
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    simple interest

    P = 9125
    R = 0.8% per month
    T = ?
    I = 511.00

    got stuck when i was asked the Rate is 0.8% per month and the T wasn't given
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  2. February 26th 2009, 09:01 AM #2
    ADARSH
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    Hello Die Hard 4,
    Quote Originally Posted by diehardmath4 View Post
    P = 9125
    R = 0.8% per month
    T = ?
    I = 511.00

    got stuck when i was asked the Rate is 0.8% per month and the T wasn't given
    when r is in % per month
    I = \frac{P\times t \times \frac{R}{12}}{100}
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