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3 years ago

6. If Birr 2500 invested at 6% simple interest per annum,

Mathematics

1 answer:

Olegator [25]3 years ago

3 0

Answer:

The interest is 450 ⇒ C

Step-by-step explanation:

The formula of the simple interest is I = Prt, where

I is the interset

P is the investment amount

r is the rate in decimal

t is the time in years

∵ Birr invested 2500 at 6% simple interest per annum for 3 years

∴ P = 2500

∵ r = 6%

→ Divide it by 100 to change it to decimal

∵ 6% = 6 ÷ 100 = 0.06

∴ r = 0.06

∴ t = 3

→ Substitute them in the formula above

∵ I = 2500 × 0.06 × 3

∴ I = 450

∴ The interest is 450

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