Question 1204934
Calculate the simple interest on ₦14,600 from 6 March 2012 to 19 May 2012 (inclusive) at 7% per annum. (Use a calendar to find the number of days in March  and April)

first we have to find the number of days the money was deposited

 from 6 March 2012 to 19 May 2012 

March 26 days

April 30 days

May 19 days

75 days

P=14600

r= 7% =0.7

  It  is divisible by 4 . So it is a  leap year 366 days

years = 75/366

I = 14600*0.07*(75/366) =209.43 Niara