aple interest on $$ \$ 950.00 $$ over a period of $$ 21 / 2 $$ years at $$ 10 \% $$ pe

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To calculate the simple interest on $950.00 over a period of 21/2 years at 10% per annum, we can use the formula for simple interest:

$$ \text{Simple Interest} = \text{Principal} \times \text{Rate} \times \text{Time} $$

Given:
- Principal ($$ P $$) = $950.00
- Rate ($$ r $$) = 10% = 0.10
- Time ($$ t $$) = 21/2 years

Substitute the values into the formula:

$$ \text{Simple Interest} = 950.00 \times 0.10 \times \frac{21}{2} $$

Now, we can calculate the simple interest.
Calculate the value by following steps:
- step0: Calculate:
  $$\frac{950\times 0.1\times 21}{2}$$
- step1: Multiply the terms:
  $$\frac{1995}{2}$$
The simple interest on $950.00 over a period of 21/2 years at 10% per annum is $997.50.
The simple interest on $950.00 over 21/2 years at 10% is $997.50.

aple interest on over a period of years at pe

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