P39.01
P39.82
P39.45
P39.99
Answer is Right!
Answer is Wrong!
The correct answer is A. P39.01.
To calculate the ordinary interest, we use the following formula:
$I = PRT$
where:
- $I$ is the interest
- $P$ is the principal amount
- $R$ is the interest rate
- $T$ is the time in years
In this case, we have:
- $P = P1,500.50$
- $R = 5.2\%$
- $T = \frac{182}{365} = 0.50$ years
Therefore, the interest is:
$I = P1,500.50 \times 5.2\% \times 0.50 = P39.01$