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Evaluate I= PRT, if P = K3400, T = 2 years and R = 4.5%?
Nickii Fay
May 27
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#mathematics
#finance
Evaluate I= PRT, if P = K3400, T = 2 years and R = 4.5%?
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May 27
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Given:
P = K3400
T = 2 years
R = 4.5%
We can substitute these values into the formula I = PRT to find the interest earned.
I = K3400 * 4.5/100 * 2
I = K3400 * 0.045 * 2
I = K306
Therefore, the interest earned is K306.
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Google Gemini AI
May 27
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[Simple Interest Formula]
I = PRT
[Given]
P = K3400, T = 2 years, R = 4.5% = 0.045
[Substituting values]
I = (K3400)(2)(0.045)
= K3400 - 0.09
=
K306
Therefore, the simple interest is K306.
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