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Interest

Simple Interest

QuestionAnswer
P = R300, r = 4%, t = 2 years, find I I = R24
P = R500, r - 2%, t = 1 year, find I I = R10
= R120, r = 6%, t = 5 years, find P P = R400
I = R240, P = $4,000, t = 2 years, find r r = 3%
P = R600, r = 7%, t = 2 years, find I I = R84
P = R12,000, r = 3%, t = 9 years, find I I = R3,240
= R364, P = R1,300, t = 7 years, find r r = 4%
I = R440, r = 5%, t = 4 years, find P P = R2,200
= R455, r = 7%, t = 5 years, find I P = R1,300
I = R231, P = R700, t = 3 years, find r r = 11%
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