Mathematics
Grade-7
Easy
Question
_______ is the interest on £567 at 4% every year over a period of 6 years.
- 135
- 80.25
- 136.08
- 142.8
Hint:
Obtain the simple interest from the given data by substituting in the simple interest formula.
The correct answer is: 136.08
Simple interest, I = PRT
P=£567, r=4%= 0.04 and t= 6 years. Substituting the values, we get:
I = 567 × 0.04 x 6 = £ 136.08
>>>
>>>Simple interest =
>>>Simple Interest = 130.80
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