2006-10-07 04:11:08 · 9 answers · asked by conniee fh 1 in Science & Mathematics ➔ Mathematics
175$ INTEREST FOR 1 YEAR.
(I=P*R*T/100,WHERE ,
I=INTEREST ,
P=PRINCIPLE AMOUNT=2500$,
R=RATE OF INTEREST=7%
T=TIME PERIOD FOR WHICH THE MONEY IS INVESTED=1 YEAR.)
I=2500*7*1/100
I=175$)
2006-10-07 04:39:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
First convert 7% to decimal
7/ 100 = 0.07
Multiply 2500 times 0.07
2500 x 0.07 = 157
The simple interest invested is $ 175.00
2006-10-07 14:57:44 · answer #2 · answered by SAMUEL D 7 · 0⤊ 0⤋
7% of 2500 is 175.
2006-10-07 11:17:13 · answer #3 · answered by George 1 · 0⤊ 0⤋
Simple interest over what period of time? A day, a month, a year, a decade?
7% of $2,500. is $175.
2006-10-07 11:14:07 · answer #4 · answered by Anonymous · 0⤊ 0⤋
$2500*.07=$175
2006-10-07 13:39:54 · answer #5 · answered by yupchagee 7 · 0⤊ 0⤋
7/100*2500=175 p.a (assuming 2500 is principal sum).
2006-10-07 11:20:30 · answer #6 · answered by peaceman 4 · 0⤊ 0⤋
7% of 2,500 =
7/100 of 2,500/1 =
175
or
7% of 2,500=
0.07 of 2,500 =
175
2006-10-10 21:05:29 · answer #7 · answered by ♥KiYa♥ 3 · 0⤊ 0⤋
175 per annum
2006-10-07 11:15:18 · answer #8 · answered by raj 7 · 0⤊ 1⤋
I = PRT
I = 2500(.07)T
I = 175T
Now it depends on how long you want this.
2006-10-07 11:21:08 · answer #9 · answered by Sherman81 6 · 0⤊ 0⤋