Find the simple
interest on sh 25000
borrowed at the rate
of 1% for 3/4yrs.
1 answer:
Here the word "borrowed" is taken as Principal, given rate is 1% and time taken is 3/4 yrs.
so by using formula,
I = P*T*R / 100
= 25000*3/4*1 / 100
= 187.5
So the answer must be 187.5.
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I hope this helps!
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