Q: What is the simple interest on 250 at 5.5 percent pa for 2 years?

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556.34

556.34

$450.

3125

How do you change 2.5 to a percent?Here are the simple steps to changing a decimal to a percent!1st. Move the decimal two places to the right. (Which would make the number 250.)2nd. Put a percent sign behind the number (Making the number be: 250%.)That is the simple way to changing a decimal to a percent.

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250 pa

He would make 250*(5.4/100)*5 = 67.57

With the interest compounded, it is 250*(1.025)2 = 262.66

Total = 250(1+i)3 Total = 250(1.124864) Total = 281.216 Interest = 281.216-250 = 31.216

556.34

556.34

$450.

X = 100 * P * (Y) / 100 T + { RT ( T -- 1 ) /2}Meanings of the variablesX = Annual equal installmentP = DebtT = TimeR = Interest RateY = 1 for yearly installmentY = 2 for half yearly installmentBY putting the valuesX = 100*1450/100*5+{8*5*4/2}X = 145000/500+80X= 250Logic :After 1st year installment will b = installment + interest of 4 years = 250+250*8*4/100 = 250+80=330.After 2nd year installment will b = installment + interest of 3 years = 250+250*8*3/100 = 250+60=310.After 3 year installment will b = installment + interest of 2 years = 250+250*8*2/100 = 250+40=290.After 4 year installment will b = installment + interest of 1 years = 250+250*8*1/100 = 250+20=270.After 5 year installment b = 250By adding these installment = 330+310+290+270+250 = 1450.

I=Prt I= 250*1*0.067 = 16.75

Divde 35 by 250 and the answer is 10.4%. Simple math.

3125

3125