Question

*
The simple interest on $1300 for 4 years at 5 percent per annum is

Answer 1

$260$is the answer

Explanation :-

Given :-

SI (Simple Interest) = $1300

r% (Rate) = 5%

n (Time) = 4 years

Applying it into the formula :

$\frac{P×R×T}{100}$

$= > \frac{1300 \times 4 \times 5}{100}$

$= > 13 \times 4 \times 5$

$= > 260$

Therefore, the Simple interest is $260