What is the ordinary interest on P1,500.50 for 182 days at 5.2%? A. P39.01 B. P39.82 C. P39.45 D. P39.99

P39.01
P39.82
P39.45
P39.99

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:

$I = P1,500.50 \times 5.2\% \times 0.50 = P39.01$