Find the simple interest for 3 years at a rate of 7.5% on $200

Mathematics

1 answer:

Vesnalui [34]4 years ago

6 0

<h2>Answer:</h2><h2>$45</h2>

Solution,

Principal (P)=$200

Time(t)=3 years

Rate(R)=7.5%

Now,

Simple Interest=PTR/100

 =200*3*7.5/100

 =4500/100

Hope it helps

good luck on your assignment

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