What is the simple interest earned if $182 is invested for 20 weeks at 1.25% p.a

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What is the simple interest earned if $182 is invested for 20 weeks at 1.25% p.a

[From: ] [author: ] [Date: 12-04-28] [Hit: ]

0125 and that by 5/13 and you get 2.25 times 5/13 which is approximately 86 cents.because simple interest calculated after completion of one year.182 x 1.25% = 2.2.......

52 weeks a year.

I = Prt

I = (182)(20/52)(.0125)

The answer is I = 0.88 or 88 ₵

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use the formula I=PRT so multiply 182 by 0.0125 and that by 5/13 and you get 2.25 times 5/13 which is approximately 86 cents.

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0 (zero)
because simple interest calculated after completion of one year.

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i = p x r x t

182 x 1.25% = 2.275 per annum

2.275 x 20/52 = $0.88

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Assume there are about 52 weeks a year.
182(1.25%)(20/52) = $.91

1

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