Question #bc3ea

1 Answer
Nityananda
Sep 26, 2017

9596

Explanation:

We know Simple Interest (SI) = PRT/100 [ where P = Principal amount = 8922, R = 7.8 and T = 11/12 year]

So, SI =#[PRT]/100 = [8922xx7.8xx11/12]/[100] = 673.923 #

Future value will be = 8922 + 673.923 = 9596

Related questions
Impact of this question
228 views around the world
You can reuse this answer
Creative Commons License