3. Calculate the Commercial Simple Interest of 4,300 for 50 days at 1.6%. 4. Calculate the Commercial Simple Interest of 3,500 for 3 years, 5 months at 6%. 5. Calculate the Commercial Simple Interest of 10,700 for 2 years, 3 months at 5.2% per month.
3. Calculate the Commercial Simple Interest of 4,300 for 50 days at 1.6%. 4. Calculate the Commercial Simple Interest of 3,500 for 3 years, 5 months at 6%. 5. Calculate the Commercial Simple Interest of 10,700 for 2 years, 3 months at 5.2% per month.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Instructions. Solve the following problems using the Simple Interest formula.
Simple interest.
Formula to calculate Simple Interest
I = Cni
3. Calculate the Commercial Simple Interest of 4,300 for 50 days at 1.6%.
4. Calculate the Commercial Simple Interest of 3,500 for 3 years, 5 months at 6%.
5. Calculate the Commercial Simple Interest of 10,700 for 2 years, 3 months at 5.2% per month.
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